[1] Mastercard, The state of commercial card acceptance 2025.
[2] McKinsey and Mastercard internal analysis, 2024, excluding China and Russia.
[3] Unlocking procurement value through embedded finance, Mastercard, November 2025.
[1] Mastercard, The state of commercial card acceptance 2025.
[2] McKinsey and Mastercard internal analysis, 2024, excluding China and Russia.
[3] Unlocking procurement value through embedded finance, Mastercard, November 2025.