Mastercard
A network that connects banks and stores so people can pay by card all over the world.
📖 Its story
In 1966, a group of banks met in Buffalo, New York, to create their own card network and compete with Bank of America's. At first it was called Interbank, and later its card was called “Master Charge.” In 1979 it changed its name to MasterCard.
💵 How it makes money
By charging a small fee on every payment that goes through its network.
🤯 Fun fact
Before it was called Mastercard, its card was called “Master Charge.”
👍 The good part
Its network works at millions of stores in almost every part of the world.
⚠️ The risk
Some governments limit how much it can charge in fees, and new ways to pay are popping up that compete with cards.
🧠 Did you get it?
What was Mastercard's card called before 1979?
🗂️ Quick facts
- Founded in: 1966
- Founded by: A group of U.S. banks, led by Karl Hinke
- Home: Purchase, New York, USA
🔎 How to find it on the stock market
- Search the internet for MA stock.
- You can also find it in your parents' investing app with the letters MA.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Mastercard. Ask your mom or dad to join the list.
Join the list