Earnings review: Focus on our business, focus on choiceJuly 29, 2021 | By Sachin Mehra
This morning, we reported on our performance during the second quarter. If you were able to join that call – or perhaps read some of the early news stories – there were a few takeaways that hopefully stuck with you:
- First and foremost is that we have a solid strategy and a resilient business model. When combined with the drive and focus of our teams, we were able to deliver strong revenue and earnings growth this quarter.
- The world continues to evolve through the challenges of the past year. We’re encouraged to see that most markets are in the “Growth” phase domestically, as defined in the framework we have used to manage through the pandemic.
- People want to travel. We are seeing improvements in both domestic and cross-border travel, with significant upside potential.
- We are deepening customer relationships and winning significant deals through the integrated value of our core payments capabilities and differentiated services.
Over the past several years, we’ve highlighted our multi-rail strategy and what that innovation and vision represents for consumers, for businesses and, yes, for Mastercard.
If you had to boil it down to one word, that would be “choice.” It’s about allowing people and organizations to access and use their money how they want, wherever and whenever they choose. We are focused on being the right partner, providing the right tool at the right time.
Today, we are making our expertise and capabilities in cards, real-time payments and support for digital currencies work together seamlessly. And, as we grow this platform, we are also enhancing it with the newest technologies and providing top-tier services to improve value and security.
During the call, Michael and I discussed how Mastercard Send is a good example of delivering on our multi-rail strategy. It ranges from enabling quick, convenient and secure money transfer to enabling faster payments for gig workers and across other use cases.
Open banking is another example on delivering on the strategy. Through our Finicity technology, we are empowering people to use their financial data to enhance their opportunities, from budgeting, payments, and borrowing to investing, transacting, and lending.
As we now formally close the chapter on the second quarter, know that our commitment to you and our strategy remains strong. Our focus on our priorities – and driving top and bottom line growth – sets the stage for us to continue to drive growth over the long-term.
Thank you for your continued support of Mastercard.