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
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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
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
Total ICT Spend by Function, 2021
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Mastercard ICT Spend by Channel
- Internal development and maintenance (IT staff)
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Total IT Spend by Channel, 2021
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Mastercard External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
External ICT Spend by Segment, 2021
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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.
Key Players
Table of Contents
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.
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