According to the Mastercard Economics Institute’s outlook report for 2024 , the empowered consumer is beginning to enjoy increased purchasing power, thanks to falling inflation and interest rates, as that helps to ease the cost-of-living crisis and mortgage squeeze. As consumers increase discretionary spending, spending on experiences like skiing may increase too.
Mastercard has launched a biometric-based authentication service to make digital interactions as simple as they are secure.
As workforce demographics change, Lyndsey Simpson of the U.K. startup 55/Redefined, part of the Mastercard Start Path Emerging Fintech program, is at the forefront of ensuring age diversity in employment.
Professional upskilling should never stop, experts say. Reskilling older workers is critical — they’ll be a large percentage of the future workforce.
The start of the 2020s brought unprecedented fluctuations in the global economy, but next year marks a new chapter.
"In a world where technology is part of our everyday lives, the way we make payments is no exception," says Valerie Nowak, EVP, Product & Innovation, Europe. "The evolution of conventional wallets into digital companions is revolutionizing the way we make payments..."
Partner duo Jesús and Pancho, fuelled by a passion for plants, founded their botanical design and plant collectors studio in 2017.
The new Mastercard Strive EU program will extend opportunities for small businesses as we look to support and build local partnerships that benefit local communities and the wider European economy.
AppyWay’s digital maps show where people can park (or not), cutting congestion and chipping away at decarbonization.
Simmer Eats was formed by university student Simmy Dhillon in his small accommodation kitchen. Now his entire family plays a role in keeping the business running.
"Together, we must build a connected world that offers everyone equal opportunities to leverage technology to improve their lives," says Mark Barnett, President, Mastercard Europe.
Husband and wife Joel and Mayumi Francois took a risk during the pandemic, packing up shop with their restaurant and hitting the road to take their food directly to customers.
This week marks the European Commission’s annual SME Week, a chance to celebrate the enormous contribution these businesses make, but also an opportunity to problem solve and ensure they are supported in their evolution.
Imperiales Alonso has been in business for four generations. Now, they are finding new ways to engage with 21st century customers.
From conversions to choruses and from moments to melodies, each Player of the Match trophy resounds with original music, game highlights and fan audio.
A new tool can spot payments to scammers before victims lose their money. But breaking the psychological spell, one expert says, is another story.
There’s significant work to do to achieve greater inclusion in gaming and esports. That’s why we’re announcing the first-ever Mastercard Gamer Academy.
Anonymized spending trends and other data helps refugees pinpoint smaller communities where they could thrive after the upheaval of war.
"We’re working hard to keep giving our customers the most valuable gift: their own time," says Nico Kersten, CEO of Mercedes pay in an interview with the Mastercard Newsroom.
Nina Elegba knows all about stress. It’s why she started her business in the first place. But when facing the challenges of growing her business, she looked for support to put her on the path to mindfulness — and success.
At Mastercard we support financial entities by enabling secure payments and data transfers worldwide. Our digital operational resilience comes via a combination of strong customer authentication, risk quantification, breach & attack simulation, online exposure monitoring, and systemic risk assessment.
The journey toward frictionless urban mobility has begun, paving the way for greater payments acceptance.
Uli Kiendl, the CEO of Ryd, on the challenges of building its payments platform and how he sees in-car payments expanding to electric vehicle charging and more.
Despite the acceleration of all things digital, 25 billion plastic payment cards remain in circulation, the vast majority eventually headed for the landfill. A new recycling program initially launched with HSBC may change that.
George Simon, executive vice president for Market Development in Europe, dives into the rapidly evolving landscape of EV charging infrastructure across the continent while highlighting the importance of user experience and accessibility.
“Connecting with fans is essential as an artist, and I always want to learn new and innovative ways to communicate with them,” says Young Athena.
Mastercard's Bart Willaert shares how businesses from every industry can now offer frictionless digital onboarding experiences with a new open banking account owner verification tool.
Consumer priorities are shifting, and Gen Z and millennials are leading the shift to purpose-driven and local brands. Jim Colvine, SVP, Priceless Planet discusses how banks and fintechs are well placed to help more sustainable consumption.
A digital marketplace is turning honey into virtual money to support local beekeepers and boost rural tourism in Bulgaria.
Start Path Ukraine is about more than just supporting Ukraine's start-up scene – it's about empowering its people to rebuild their lives and their country. The five inaugural fintechs represent the vanguard of that effort, and we're proud to welcome them into the Mastercard family.
"Through public-private partnerships with governments across Europe and beyond, we can harness the power of digitisation and data to provide better outcomes for people, and to build the digital economy of tomorrow," says Mark Barnett, president, Mastercard Europe.
Jeanette Liendo, Senior Vice President, Marketing and Communications, on how we can continue to understand the ongoing needs and challenges individuals face to enable positive everyday changes and create limitless possibilities for everyone.
In the darkest of times, ordinary people have become everyday heroes, and government and businesses have formed powerful partnerships to mobilize resources to keep the economy going.
“Representation is extremely important,” says Belgium's Eefje ‘Sjokz’ Depoortere. “If you’re never going to see anyone like you on the big stage, why would you ever dream you could be able to?”
Peter Bakenecker, Mastercard's president for Central Europe, joined the panel at this year’s DLD Conference to discuss cornerstones for a successful Europe.
Mastercard’s general manager for Ukraine and Moldova shares insights on a year of great turbulence and even greater resilience.
The U.K. startup Currensea is using open banking to power debit cards for fee-conscious travelers — and beyond.
The co-founder of U.K.-based Nexo says the crypto-backed card will transform the way people use digital currencies in their day-to-day lives.
Earthshot CEO Hannah Jones explains why corporate partnerships are central to realizing its ambitions and what it means to be an 'urgent optimist.'
Mastercard Europe President Mark Barnett on two key moments for the company's small business support efforts across Europe: the one-year anniversary of Strive UK and the launch of its sister initiative Strive Czech Republic.
It all started with a commercial about a baseball game, and the memorable moments it sparked. Today, Priceless celebrates 25 years, as resonant and relevant as ever.
These alumni of Mastercard's Start Path startup engagement program, including U.K.'s Thought Machine, shares the secret sauce behind their billion-dollar businesses.
Buchanan, a viola major who is now CEO of the Swedish fintech, also shares the advice she’d give her 12-year-old self.
By harnessing the power of payroll as an asset, the U.K. startup Hi helps companies boost their liquidity and gives their employees more flexible access to their earned wages.
At the core of our response lies the ability to mobilise the breadth of our assets, networks, and business pillars to build partnerships, initiatives and solutions that form a varied relief strategy.
Ellen Jackowski, Mastercard's new chief sustainabilty officer, on driving social and environmental — and how ice cream put her on that path.
Six Ukrainian fashion designers shared a fashion showcase — and their stories of creativity amid chaos.
On the podcast 'What's Next In,' Raj Dhamodharan, Mastercard's head of crypto and blockchain, says the company remains focused on enabling choice.
It’s been a volatile few years for small and medium-sized enterprises, those intrepid companies that form the backbone of Europe’s economies.
Go inside a recent threatcasting exercise in Dublin, where cybersecurity experts work through worst-case scenarios to help organisations learn how to disrupt them before they happen.
Europe led the way in recognizing the opportunity of the night economy. A new global network wants to bring that promise to other cities around the world.
Sibley, a marketing executive, saw the need to protect her mother’s everyday money and preserve her independence. So, she created Sibstar
To mark the UN’s Micro-, Small- and Medium- Sized Enterprises Day, Mastercard survey of UK small businesses reveals inflation and rising energy prices are the current biggest challenges
The levelling up agenda has never been more important than it is today
Many transgender people feel anxiety, embarrassment and frustration when showing an ID that doesn’t reflect their identity, research shows
The company’s first-ever music album is a natural extension, building awareness of the melody and its association with Mastercard
The impact of Covid-19 on this transformation has been well-documented, yet our data shows that it is here to stay
Embedded finance powers our digital lives and could transform how businesses interact with each other, including streamlining and automating payments and services across the supply chain for greater resilience.
By Mark Barnett, President, Mastercard Europe and Dimitrios Dosis, President, Eastern Europe, Middle East and Africa at Mastercard
We need to rethink how bills are paid and customer communications are managed.
Digitization and data insights can help small businesses and tourism agencies make the most of the momentum, says Mastercard Europe President Mark Barnett.
For Europe, these are positive steps towards its ambition for the year: to consolidate itself as a global technology leader.
Dodo is a U.K.-based startup that uses open banking to help small businesses easily measure their carbon footprint and reach net-zero goals.
Germany’s bitsCrunch and Denmark’s SPENN are joining Mastercard’s Start Path Crypto program to accelerate their growth.
Kathy Caton started making gin a decade ago as a side hustle. Now Brighton Gin is her main gig.
At Mastercard, we are proud to be able to back up our commitments with both action and results, from setting science-based targets to focus our efforts against climate change to committing to reach net zero emissions.
Charity starts at home: It's an ethos that we share and practise here at Mastercard as we aim to transform lives and inspire those around us by driving sustainable change on a local level.
Mastercard Economics Institute’s “Economy 2022” is a global outlook based on critical trends as seen through the lens of the consumer. It assesses how five fundamental factors — savings and spending, supply chains, digital acceleration, global travel, and a growing list of economic risks — will continue to shape the global economy.
Momentum is building for payment cards made from more sustainable materials, including recycled ocean plastic and bioplastic.
A Paris-based perfumer channeled her memories and a brand’s ‘priceless’ values for a set of signature fragrances.
Though a license with the Israeli government, Mastercard has opened a new innovation lab to help fintechs to strengthen the cyber ecosystem.
Starting July 1, 2023, banks and other card issuers will begin replacing expired or lost Maestro cards - for instance with a Debit Mastercard
With roots in Europe and the UK, open banking is now a global phenomenon taking form in different ways but with the same goal — more innovative financial services.
Data is the fuel for more climate-conscious digital products and can provide insights into supply chain sustainability, says Malin Berge, who is helping build Mastercard's new Sustainability Lab in Sweden.
A children's bookstore owner in Palma, Spain, found a magic formula in navigating the last year: embracing digital commerce but doubing down on the human touch.
As world economies start to emerge from the pandemic, data protection, nationalist trade tensions and climate change threaten progress, Mastercard CEO Michael Miebach says at the Wirtschaftstag (Business Day) 2021 conference in Berlin.
As the pandemic continues in one of the world's tourist hot spots, how are restaurants, hotels and museums preparing for the future?
COVID-19 has accelerated digital transformation, and the rich data insights it enables can accelerate the recovery and creation of an inclusive global tourism economy. A trip to Tbilisi shows how.
A light installation by the poet and mental health campaigner Hussain Manawer in two U.K. cities aims to start a conversation about bringing more people into the digital economy.
The Priceless Planet Coalition is restoring 100 million trees over the next five years to combat climate change and reduce carbon in the atmosphere through forest restoration.
The founders of Doconomy, whose DO Mastercard lets consumers calculate their carbon emissions and compensate for them, believe transparency and responsibility go hand in hand.
From cryptology to big data to digital convergence and more, young women gain needed skills and confidence for critical careers through G4T.
Data centers can have a huge carbon footprint. When P27 Nordic Payment Group and Mastercard launches the world's first real-time, cross-border bank payment system in 2021, it will use zero-emission data processing centers.