Mastercard expands payment network while maintaining strong profitability
Overview Mastercard closed the fourth quarter of 2024 with impressive financial performance, achieving $7.5bn in revenue and $3.3bn in net income, supported by robust cross-border transactions and increased consumer spending. CEO Michael Miebach highlighted the company’s strong revenue growth of 14% year-over-year (16% currency-neutral) and emphasized Mastercard’s diverse capabilities in payments and services, bolstered by…
