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Mastercard is a global payment technology company that operates one of the leading electronic payment networks. Founded in 1966, it facilitates transactions between merchants, financial institutions, governments, and consumers in over 210 countries, processing transactions in more than 150 currencies. The company offers a range of services, including credit, debit, and prepaid card solutions through partner financial institutions. It also provides digital payment platforms, such as contactless payments and mobile wallets, along with business services like B2B payment systems and expense management tools. Mastercard leverages data analytics for fraud detection and consumer behavior analysis, and it emphasizes cybersecurity with tools for transaction authentication. The company has a strong focus on financial inclusion, partnering with various organizations to enhance payment solutions in developing economies.
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