Mastercard Incorporated Stock Price, News & Analysis

Mastercard's Center for Inclusive Growth hosted the Global Inclusive Growth Summit in Washington, D.C., featuring discussions on gender equity and economic inclusion.

YouTube influencer Lilly Singh emphasized the need to change cultural narratives around gender equality. The event highlighted urgent societal issues such as financial inclusion and climate change. Key takeaways included:

• Redefining Financial Inclusion: It involves integrating more individuals into the formal financial system.
• Technology's Role: AI could enhance nonprofit efficiency, while companies must ensure technology is inclusive.
• Empowerment: Discussions underscored the importance of providing skills and education to marginalized groups, particularly women.

The summit aimed to inspire collaborative actions that could lead to economic resilience and prosperity.

Mastercard has launched Cross-Border Services Express, enabling financial institutions to provide customers with seamless international payments. This tool is aimed primarily at consumers and small and medium-sized enterprises (SMEs) who need efficient cross-border payment solutions. The service covers over 100 markets and supports more than 60 currencies, offering flexibility in payment methods such as bank accounts and mobile wallets. With faster market entry and reduced transaction risks, the new service aims to enhance the digital payment experience. Mastercard is partnering with fintechs like Fable FinTech and Payall Payment Systems to streamline implementation. Recent reports suggest strong growth in digital payments, highlighting the need for transparency and efficiency in cross-border transactions.

Mastercard (NYSE: MA) will announce its first quarter 2023 financial results on April 27, 2023, at 9:00 a.m. ET. A conference call will be held to discuss the results, available via toll-free dial-in at 1-888-330-2508 or toll dial-in at 1-240-789-2735, using conference ID 6451878. A replay will be accessible for 30 days, and a webcast can be found on investor.mastercard.com. Financial results will be posted online once available, ensuring investors have timely access to important metrics. As a leader in the payments industry, Mastercard aims to enhance the digital economy through secure and innovative solutions.

Mastercard is accelerating its sustainability efforts by committing to eliminate first-use PVC plastics from payment cards by 2028. All newly produced cards will be made from sustainable materials, such as recycled or bio-sourced plastics, and certified through an independent program. This initiative expands upon Mastercard's Sustainable Card Program, launched in 2018, which has already transitioned over 168 million cards to eco-friendly materials. The company aims to support global partners in the transition and reduce its environmental footprint, aligning with increasing consumer demand for sustainable choices.

Mastercard invites global leaders and innovators to the 2023 Global Inclusive Growth Summit livestream on April 13. This event, co-hosted with the Aspen Institute and media partner Devex, aims to address solutions for an inclusive and sustainable economy. Notable speakers include Trevor Noah, Melinda French Gates, and Samantha Power. The Mastercard Center for Inclusive Growth focuses on equitable economic growth and financial inclusion, leveraging data insights and technology to drive impactful programs. The Aspen Institute fosters a just society through dialogue and leadership. To register for the summit, visit their official website.

The Mastercard Center for Inclusive Growth has announced the upcoming 2023 Global Inclusive Growth Summit scheduled for April 13, 2023. This event, co-hosted with the Aspen Institute, will feature prominent speakers, including Michael Froman, Vice Chairman of Mastercard, and Hamdi Ulukaya, CEO of Chobani, among others. The summit aims to foster dialogue on sustainable growth amidst pressing global challenges. Participants can register through the provided link. The Mastercard Center is dedicated to advancing economic growth and financial inclusion worldwide through data insights and the Mastercard Impact Fund.

McAfee Corp., a leader in online protection, has expanded its partnership with Mastercard (NYSE: MA) to provide automatic savings on cybersecurity solutions for Mastercard Business cardholders. This initiative responds to a significant increase in cyber threats, which caused over $10 billion in losses to businesses in 2022 according to the FBI Internet Crime Report. Eligible cardholders will receive a 10% rebate on online purchases of McAfee products globally. This partnership marks McAfee as the first cybersecurity partner in Mastercard's Easy Savings program, emphasizing the importance of robust online security for small businesses.

Mastercard has launched the Strive Community, a global initiative aimed at equipping five million small businesses with innovative digital solutions. This initiative seeks to empower entrepreneurs by providing resources such as expert guidance, training, and funding, helping them to thrive in the digital economy. The launch is part of Mastercard's broader commitment to advancing equitable economic growth through its Center for Inclusive Growth. Additionally, the upcoming Global Inclusive Growth Summit will feature discussions on empowering small businesses and driving inclusive growth.