Mastercard is a multinational financial services corporation that operates as a global payment technology company.
Here are the 10 largest Mastercard shareholders as of 9/18/2023.
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1. The Vanguard Group, Inc
- Ownership: 7.60%
- Shares Held: 71,084,388
2. BlackRock Fund Advisors
- Ownership: 4.36%
- Shares Held: 40,755,698
3. SSgA Funds Management, Inc
- Ownership: 3.77%
- Shares Held: 35,255,582
4. T. Rowe Price Associates, Inc
- Ownership: 2.46%
- Shares Held: 23,014,903
5. Capital Research Management Co
- Ownership: 2.07%
- Shares Held: 19,377,705
6. Fidelity Management & Research Co
- Ownership: 2.00%
- Shares Held: 18,660,865
7. Geode Capital Management LLC
- Ownership: 1.78%
- Shares Held: 16,643,273
8. Capital Research Management Co
- Ownership: 1.56%
- Shares Held: 14,535,201
9. JPMorgan Investment Management
- Ownership: 1.53%
- Shares Held: 14,342,232
10. Wellington Management Co LLP
- Ownership: 1.36%
- Shares Held: 12,717,930
Click here to check the current Share Price of Mastercard (MA) on Robinhood!
What Is Mastercard?
Mastercard is a multinational financial services corporation that operates as a global payment technology company.
It is one of the world's largest and most well-known payment processing companies, along with Visa and American Express.
Mastercard's primary business is to facilitate electronic funds transfers, enabling people and businesses to make payments for goods and services using Mastercard-branded credit, debit, and prepaid cards.
Here are some key aspects of Mastercard:
- Payment Network: Mastercard provides a payment network that connects financial institutions, merchants, and cardholders. When a Mastercard-branded card is used for a transaction, Mastercard facilitates the authorization and settlement of the payment between the issuing bank (the bank that issued the card) and the acquiring bank (the bank that serves the merchant).
- Credit and Debit Cards: Mastercard offers a wide range of credit, debit, and prepaid card products. These cards are issued by various banks and financial institutions around the world, and they can be used for making purchases in stores, online, and at ATMs.
- Global Reach: Mastercard is accepted at millions of merchants worldwide, making it a convenient and widely used payment method for consumers and businesses alike.
- Technology and Innovation: Mastercard continually invests in technology and innovation to enhance the security and efficiency of electronic payments. This includes the development of contactless payment solutions, mobile wallet integrations, and biometric authentication methods.
- Security: Mastercard places a strong emphasis on security to protect cardholders' information and prevent fraud. They have implemented various security features such as EMV chip technology, tokenization, and fraud detection systems.
- Financial Services: Beyond its core payment processing services, Mastercard also offers various financial services and solutions, including data analytics, loyalty programs, and business-to-business payment solutions.
It's important to note that Mastercard is not a bank itself but rather a technology company that provides the infrastructure and network for electronic payments.
Individual banks issue Mastercard-branded cards, and these cards are linked to the cardholders' bank accounts or credit lines.
When a cardholder makes a purchase, the transaction is processed through the Mastercard network.
