MasterCard 2012 Annual Report Download - page 3
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A WORLD BEYOND CASH: OUR JOURNEY CONTINUES
DEAR STOCKHOLDERS:
It’s a good time to be a technology company in the
payments space. Our business is dynamic, growing
and harnessing change. And despite the challenges
of competition and economic uncertainty, we
continue to deliver against our long-term financial
objectives—driving value for our stockholders.
We continued to expand our business, driving
preference for electronic payments and our brands.
We achieved solid financial results in 2012, including
net revenue and earnings per share growth. We
delivered operational performance with healthy
growth in annual gross dollar volume, cross-border
volume and processed transactions.
As we move towards a world beyond cash, we help
secure a better, more inclusive future for everyone. It’s a
future where consumers, merchants, business partners
and governments around the globe are equipped to
conduct commerce at their fingertips; are enabled to
use technology that’s fast, reliable and efficient; and
are empowered to participate in the global economy.
DELIVERING VALUE
Our payment solutions deliver value and connect
close to two billion cardholders with tens of millions
of merchants worldwide. Cashless merchants in every
corner of the world are blazing the trail for electronic
payments—benefitting from more customers, increased
sales, greater spending and far better operational
efficiencies. In fact, countries such as Sweden and
the Netherlands are citing greater security when
advocating cashless supermarkets and public
transport systems on a national scale.
Over the past two years, we implemented 25 mobile
payment initiatives, including our joint venture with
Telefónica; a cooperation with TIM in Brazil; strategic
partnerships with Deutsche Telekom; and Everything
Everywhere, the UK’s largest mobile operator—just
to name a few. And MasterPass™, one of our latest
innovations, brings together all of the ways we pay
for things, from traditional plastic cards to digital
wallets, giving consumers the ability to make a payment
from wherever they are with one simple experience.
Our capacity to create added value for our partners
also helped secure new deals in 2012 with Nordea
in the Nordics and Baltics; HSBC in Canada; SunTrust
and Key Bank in the U.S.; Bank of China and Citibank
in China; and Eni, an Italian oil and gas company.
And by acquiring Truaxis, a company based in Silicon
Valley, we further strengthened our position in the
FROM LEFT TO RIGHT:
Ajay Banga
President and Chief Executive Officer
Richard Haythornthwaite
Chairman of the Board of Directors
We believe that whether you’re
a consumer, a merchant or a
government, participating in
the global economy shouldn’t
be confined by your postal code
or country code—and that by
creating opportunities not just
for the few but the many,
we can do well and do good.