Mastercard is a global technology company that facilitates digital payments by connecting consumers, financial institutions, and merchants through its secure transaction processing networks
The company provides a range of payment solutions, including credit and debit card services, contactless payments, and mobile payment applications. Mastercard's platform aims to enhance the payment experience by offering innovative technologies and insights that help businesses and consumers make transactions easier, safer, and more efficient. Through partnerships with various stakeholders in the financial ecosystem, Mastercard continuously works to promote financial inclusion and empower people to transact in a digital world.
Stablecoins, which play a major role in the global cryptocurrency ecosystem, saw massive adoption in 2024, with their transfer volumes beating those of both Visa and Mastercard combined.
Mastercard exceeded expectations with strong Q4 2024 earnings driven by robust revenue growth and solid performance in its core payments network and value-added services.
On an adjusted basis, the company reported net earnings of $3.82 per share during the fourth quarter, beating a Wall Street estimate of $3.69 per share.
The 2024 Q4 earnings season is in full swing, with this week’s reporting docket jam-packed with notable companies. Among the bunch are two peers, Mastercard and Visa.
