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MC
(Mastercard)
MC stands for Mastercard, a multinational financial services corporation that operates one of the world's largest payment processing networks. Mastercard facilitates transactions between banks, merchants, and consumers in over 210 countries.
Like VISA, Mastercard doesn't issue cards directly but partners with banks that issue Mastercard-branded credit, debit, and prepaid cards. The company processes about 25% of global card payments, with over 2.8 billion cards in circulation. Mastercard generates revenue through transaction fees, typically 0.1-0.3% of each purchase. The company has expanded into digital payments, P2P transfers, and BNPL services in recent years.
Like VISA, Mastercard doesn't issue cards directly but partners with banks that issue Mastercard-branded credit, debit, and prepaid cards. The company processes about 25% of global card payments, with over 2.8 billion cards in circulation. Mastercard generates revenue through transaction fees, typically 0.1-0.3% of each purchase. The company has expanded into digital payments, P2P transfers, and BNPL services in recent years.