In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Importantly, MasterCard’s customer base grew during the pandemic. For instance, the number of MasterCard credit cards worldwide grew from 948 million in the first quarter of 2020 to 974 million in the first quarter of 2021, Statista estimates.
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MasterCard’s actions doom signatures because there were 618 million MasterCard (MA) credit cards worldwide in 2nd Quarter 2018. In addition, there are 218 MasterCard credit cards in the United States, Statista estimates.
The lack of signatures shows MasterCard (NYSE: MA) has one of the world’s largest and most advanced payments platforms. For example MasterCard claims its payment network serves 2010 countries.
Unfortunately, I was not able to learn how transactions a second MasterCard’s network process. On the other hand, Visa (NYSE: V) claims to process 24,000 transactions a second.
Therefore, it is safe to assume that MasterCard processes around 24,000 transactions a second. I make this conclusion because MasterCard and Visa presumably uses technology with similar capabilities.
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So far you can only access Visa (NYSE: V) and MasterCard (MA) through Microsoft Wallet. American Express and Discover are not mentioned at its website. Just eight banks are mentioned but only two major US banks accept it; Bank of America and US Bank. One major Canadian Bank TD Bank is also mentioned at the website. Chase is listed there as coming soon
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