MasterCard 2015 Annual Report Download - page 3

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Our strategy is rooted in innovation and
execution
—
it’s our path to the future. It’s
about growing our core business, diversifying
our customers and markets and
building new businesses. It cuts
across products and geographies,
and it takes a broad view of
commerce. Under the stewardship
of our board of directors, we seek
to win new consumers and
merchants by accelerating the
trend of electronic payments,
fostering financial inclusion and
creating a world beyond cash.
The payments industry is certainly changing.
Countries are going cashless and electronic
payments are becoming a vital way for governments
to achieve economic goals. Cities are using the
power of our technology and data to create more
efficient transit systems. Businesses value greater
insights to grow sales and increase customer
loyalty. And more people are using our products
—
some for the first time
—
enjoying the essential
benefits of digital identification.
We’re charting the course for what comes
next
—
because more than any other point
in our 50-year history
—
the time to shape
the future of payments is now.
GROWING THE BUSINESS
By creating solutions that meet the needs of our
stakeholders, our core business remains strong as
we gain market share across credit,
debit, prepaid and commercial
products. To us, the focus is not
only on building acceptance but
also on driving product and service
differentiation, allowing us to
deepen our relationships with
customers around the globe.
In markets as diverse as Italy,
Russia and Qatar, debit issuers are migrating
their portfolios to MasterCard, driving cash to
cards. In prepaid, our growth establishes us as
the global leader, with nearly half of prepaid
volume transacted on MasterCard-branded
products around the world. In South Africa alone,
our prepaid cards are powering transit for more
than 15 million citizens.
In the expanding commercial payments space, we
continue to gain share. Our travel & entertainment
and fuel card programs produce reporting and
insights that help companies manage their programs
more efficiently. Businesses also are connecting
through our network to make higher-value
transactions traditionally associated with cashier’s
checks and wire transfers.
OUR LETTER TO SHAREHOLDERS
1
OUR STRATEGY
IS ROOTED IN
INNOVATION AND
EXECUTION
—
IT’S
OUR PATH TO
THE FUTURE.