Mastercard (MA) Investor Update summary

Strategic Vision and Growth Priorities

• Focus on a virtuous cycle of growth by reinforcing consumer, commercial, and new payment flows, underpinned by technology, people, and brand.

• Strategy centers on growing core business, diversifying into new geographies, and building future areas, with flexibility to adapt to global trends.

• Consistently delivered on goals, outperforming the S&P 500 by 18% and returning $31 billion to shareholders.

• Key enablers include people, brand, data & AI, technology, and a commitment to social responsibility.

• Structural tailwinds and actions fuel a virtuous cycle across payments and services.

Market Opportunity and Secular Shift

• Serviceable addressable market estimated at $54 trillion in consumer payments, with $11 trillion undigitized and significant runway in both developed and emerging markets.

• Commercial payments and new flows represent a $100 trillion opportunity, with only 2% market share currently captured.

• Significant opportunities remain in under-penetrated verticals and regions with high cash usage.

• Digital business models and new technologies (contactless, QR, Tap on Phone) are driving transaction growth and expanding addressable markets.

• Total payments market opportunity is $154 trillion, with $490 billion in addressable VAS revenue.

Product Innovation and Technology

• Investments in digital-first technology, tokenization, and AI are enhancing security, reducing fraud, and improving consumer experiences.

• Tokenization now powers over 30% of transactions, with plans to phase out PAN entry and static passwords by decade's end.

• Modernized card switch launched in South Africa, offering real-time clearing and rapid settlement.

• Expansion of acceptance and partnerships with fintechs, wallets, and local players to drive inclusion and reach new customer segments.

• Proprietary data and AI underpin high-impact, real-time solutions.