Mastercard – Enterprise Tech Ecosystem Series
Mastercard has been focusing on using artificial intelligence, big data, and online & mobile payments to digitally transform its operations. The annual ICT spending of Mastercard was estimated at $977.7 million for 2021. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Mastercard is a payment network processor and technology company that undertakes the clearing, authorization, and settlement of payment transactions. The company offers a wide range of payment solutions, including credit, debit, prepaid, and commercial cards; digital payments; real-time account-based payments; payment system security; and transaction services such as cross-border and domestic transactions.
The Mastercard Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, accelerator programs & innovation centers, technology partnerships, technology introductions, investments, acquisitions, and ICT spending among others.
Digital Transformation Strategies
To stay competitive in the rapidly evolving global payments space and grow its core business worldwide, Mastercard is offering value-added products and services that protect customers from financial fraud and allow them to focus on customer service and business growth. Mastercard is tapping into the power of AI to help its enterprise customers reduce transaction-level fraud, credit risk, and loan defaults and prevent fraudulent healthcare claims.
To gain more insights on the digital transformation strategies and initiatives of Mastercard, download a free report sample.
Mastercard Technology Theme Focus
Mastercard is utilizing a number of emerging technologies including artificial intelligence, big data, and online & mobile payments among others to improve its product offerings and enhance customer experience.
Mastercard Technology Focus
To know about other technology themes under focus for the company, download a free report sample
Mastercard Technology Initiatives
Mastercard has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology investments over the last few years. For instance, in 2020, the company entered into a partnership with fintech company Goals 101 ai to enable its client banks to provide personalized offers to their customers. Under the partnership, Mastercard offers Goals 101 ai’s AI-driven platform, which assesses customer behavior patterns and creates personalized offers.
For more insights on other technology initiatives of Mastercard, download a free report sample
Mastercard ICT Spend by Function
- Data center
- End-user computing
- ICT Service desk
Total ICT Spend by Function, 2021
For more insights on ICT spending by function, download a free report sample
Mastercard ICT Spend by Channel
- Internal development and maintenance (IT staff)
- Technology vendors (direct)
- Local resellers
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Total IT Spend by Channel, 2021
For more insights on ICT spending by channel, download a free report sample
Mastercard External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Network and communications
External ICT Spend by Segment, 2021
For more insights on external ICT spending by segment, download a free report sample
Mastercard Digital Transformation Strategies Overview
|Total ICT Spending 2021||$977.7 million|
|ICT Spend by Function||Data Center, Communications, Network, Application, End-User Computing, Management, and Service Desk|
|ICT Spend by Channel||Internal Development and Maintenance (IT staff), Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems Integrators|
|External ICT Spend by Segment||Software (including cloud SaaS), Hardware (including cloud Iaas), ICT Services, Consulting, Network and Communications, and Others|
|Technology Theme Focus||Artificial Intelligence, Big Data, and Online & Mobile Payments.|
This report provides:
- Insight into Mastercard’s technology activities.
- Insights of its accelerator programs and innovation centers.
- Overview of technology initiatives covering partnerships, technology introductions, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Mastercard’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships.
Computer Engineering Group
Bank of Montreal
National Payments Corporation of India
Paxos Trust Company
Bahrain’s Electronic Network for Financial Transactions (BENEFIT)
Global Processing Services (GPS)
First Performance Global
Digital Currency Group
Table of Contents
Table of Contents
Digital Transformation Strategy
Accelerator Programs and Innovation Centers
Partnership, Investment, and Acquisition Network Map
ICT Budget and Contracts
Frequently Asked Questions
The annual ICT spending of Mastercard was estimated at $977.7 million in 2021.
The key ICT spending categories by function for Mastercard are communications, data center, network, applications, end-user computing, ICT service desk, and management.
The key ICT spending categories by channel for Mastercard are internal development and maintenance (IT staff), technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
The key external ICT spending categories by segment for Mastercard are software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.
The key technological theme in focus for Mastercard are artificial intelligence, big data, and online & mobile payments.
Get in touch to find out about our multi-purchase discounts
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.
Still undecided about purchasing this report?
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.