What it does: Mastercard serves consumers, small and medium businesses, governments and public sectors, large enterprises, and bank and credit unions. It restructures the digital economy so that everyone can achieve their goals.
Mission: The company strives to facilitate secure, simple, and accessible transactions; and to unite and fuel a global, inclusive digital economy.
Size and Presence: The company has business operations in more than 210 countries and has around 24.000 employees. The headquarters of Mastercard is in Purchase, New York, United States.
Best known for: Mastercard is best known for its digital services that help people connect worldwide and allows them to replace cash and checks with virtual payment options.
The good bits: The company is growing at a fast pace. It is an employee-friendly brand with a good environment and opportunities to grow.
The not-so-good bits: Timezones affect work hours. It is a bit difficult to put forth one’s opinions. There is no uniformity in the salary structure at different workplaces.
Mastercard marked its beginning in the 1940s when US banks began issuing paper to be used instead of cash. Many businesses started accepting cards as an alternative to currency. Thus, in 1996 Interbank Card Association (ICA) was formed, which later became Mastercard International. In 1968, ICA expanded networks globally by collaborating with Banco Nacional in Mexico.
ICA changed its name to MasterCard International in the late 1970s. It bought Cirrus ATM network and launched Maestro in 1985 simultaneously. Its first initial public offering (IPO) took place in 2006. Later, the company acquired businesses to grow better as an enterprise. The organization is internationally renowned and is working for a world beyond cash.
The company has a positive environment and helpful people. The executive management of the company encourages purpose-driven development. The teams are committed to producing world-class technologies and services. Mastercard has a diverse and inclusive workforce.
After the acceptance of the application, Mastercard follows a series of interviews with the candidates. There is a screening interview with the Talent Acquisition Team and two more interview rounds: one with the hiring manager and the other with more senior managers. It may or may not follow more interview rounds.
Mastercard is a growing corporation determined to provide quality to its clients and investors. It operates in hundreds of workplaces worldwide on projects, domestic and international, with its professionals. It has opportunities for all to thrive and succeed.
The average annual salary at Mastercard ranges from INR 2.8 lakhs for a Desktop Support Engineer to INR 11.8 lakhs for a Software Engineer and Software Developer.
Mastercard is devoted to assisting its employees. Some of the benefits that it offers are:
The company adheres to the belief of ‘doing well by doing good’ and strives to make the environment and people develop. Mastercard is helping individuals and communities prosper by creating a levelled ground for all, standing up against racism, working for the trans and nonbinary community, and being inclusive of the differently-abled.
It has contributed to the environment by launching the global Sustainability Innovation Lab, manufacturing eco-friendly cards, and restoring forests by planting 100 million trees.
In July 2021, the Reserve Bank of India (RBI) banned Mastercard from issuing credit and debit cards to Indian customers for breaching the laws governing data collection and storage.