📱 Mastercard boosts investments in technology in Africa and Latin America markets…

📱 Mastercard boosts investments in technology in Africa and Latin America markets…


Driven by the growing popularity of alternative payment methods enabled by the widespread use of mobile phones. This shift entails significant costs, but the card network is well-equipped to manage them.

➡️ Strategy: The company is aligning itself with the transition towards digital technologies in both the consumer and commercial sectors.

➡️ What tools are they focusing on❕ — Mastercard is concentrating its efforts on artificial intelligence, biometrics, and tokenization. Additionally, the company plans to increase its investments in data analytics, fraud prevention, and cybersecurity.

➡️ Mastercard's technological advancements are also being implemented in Europe, where the company aims to eliminate manual card number entry in e-commerce, enabling one-click checkout by 2030.

➡️ Key data: According to a press release about Mastercard's financial results, net income in the second quarter increased by 15% to 3.3 billion USD, and revenue grew by 11% to 7 billion USD.

With these strong figures, it seems the company is well-positioned to reinvest.

#news #Europe #global

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