Mastercard

CTW09.19-02. Mastercard
One of the more than 5,000 Indian business owners trained this year through Mastercard’s Center for Inclusive Growth. JYOTI SHINDE/COURTESY OF MASTERCARDJyoti Shinde/Courtesy of Mastercard

    Inclusion for 400 million and counting.

    Mastercard is spreading the wealth. With revenue up 20% to $15 billion in 2018, the payments company has put more resources behind its efforts to reach consumers who lack access to the digital economy. Through a subsidiary, the Center for Inclusive Growth, Mastercard established the first chamber of commerce in India devoted to rural women entrepreneurs in the cities of Pune, Satara, and Chiplun. Six months in, the initiative has reached 5,660 women at 3,275 businesses in agriculture, food production, and artisan manufacturing, providing them with access to credit, training in financial literacy and marketing, and more. The work is part of Mastercard’s goal to reach 500 million people previously excluded from financial services by 2020—it has only 100 million more to go.

    Company Information

    CountryU.S.
    HeadquartersPurchase, N.Y.
    Impact SegmentEconomic Opportunity/Financial Inclusion
    SectorBusiness Services
    IndustryFinancial Data Services
    CEOAjay Banga
    Websitewww.mastercard.com
    Company TypePublic
    TickerMA
    Prior Year Rank-
    Revenues ($M) (Last Fiscal Year)$14,950
    Profits ($M) (Last Fiscal Year)$5,859
    Market Value ($M) as of 8/12/19$274,144
    Employees14,800