I used my
Mastercard to pay for the groceries at the supermarket.
我使用我的万事达卡在超市支付了杂货费。
The restaurant accepts all major credit cards, including
Mastercard.
这家餐厅接受所有主要信用卡，包括万事达卡。
She lost her wallet and now she can't use her
Mastercard for online shopping.
她丢了钱包，现在不能用她的万事达卡进行网上购物了。
When traveling abroad, it's wise to carry multiple forms of payment like a
Mastercard.
出国旅行时携带多张支付方式，如万事达卡，是明智的。
The merchant accidentally charged me twice with my
Mastercard.
商家不小心用我的万事达卡为我多收了两次费用。
He prefers using his
Mastercard over cash because it earns him rewards points.
他更喜欢使用他的万事达卡而不是现金，因为它可以赚取奖励积分。
The customer service representative helped me dispute a fraudulent charge on my
Mastercard.
客户服务代表帮助我针对我的万事达卡上的欺诈性收费进行了申诉。
They accepted my
Mastercard as well as other credit cards at the concert venue.
他们在音乐节现场接受了我的万事达卡和其他信用卡。
The new app allows users to link their bank accounts and
Mastercard to track spending.
这个新应用允许用户将银行账户和万事达卡链接起来以跟踪开支。
For security reasons, the bank recommended updating the card details on her
Mastercard.
为了安全起见，银行建议她更新万事达卡上的卡详情。
Tencent Holdings announced on Thursday that it will fully open Weixin Pay to international card organizations like Mastercard, Visa, JCB and Discover Global Network, so as to further improve overseas users' digital payment experience in China.
腾讯控股周四宣布，将向万事达、Visa、JCB和Discover Global Network等国际卡组织全面开放微信支付，以进一步改善海外用户在中国的数字支付体验。
Data from Citigroup, Mastercard and Bank of America released in October showed that US consumers had cut back on buying luxury goods and accessories before the holiday shopping season.
花旗集团、万事达卡和美国银行10月发布的数据显示，美国消费者在假日购物季前减少了购买奢侈品和配饰的数量。
The PBOC announced on Feb 11 it has approved Mastercard NUCC Information Technology (Beijing) Co Ltd, a joint venture of Mastercard and NetsUnion Clearing Corporation, a Chinese clearing house for online payments, giving Mastercard access to China's massive payments market.
"We are delighted and encouraged by this latest decision from the PBOC," said Mastercard President and CEO Ajay Banga in February.
"Compared with its major competitor Mastercard, Visa Inc made a different choice regarding its push into China.
Mastercard is planning to embed AI-driven data analytics in the day-to-day workflow of its retail and banking customers in China, to improve the quality and efficiency of data analytics and boost returns from this technology.
The executives gave four reasons for the surprising outcome of the research, which was jointly conducted by Mastercard and Harvard Business Review earlier this year.
"First of all, they said today's analytics is happening in silos, meaning various parts of the company are running their own analytics, and tend to produce conflicting results sometimes," said Dimitrios Dosis, president of Mastercard Advisors, during a recent interview in Beijing.
"The fact that data analytics is not embedded in the day-to-day workflow is one of the primary concerns of Dosis who heads Mastercard Advisors.
Offering information, consulting and implementation services to merchants and financial institutions worldwide, this unit of Mastercard helps customers cleanse and understand the data they have, including anonymized and aggregated transaction data from Mastercard, to derive recommendations for customers based on data insights and advanced analytics.
Before fully rolling out the recommendations and executing them, consulting teams from Mastercard Advisors test the recommendations through the application of a test-and-learn technology.
More than 20 major international institutions including Visa, Mastercard, PayPal and Uber have signed up to get involved with Libra, which Facebook will unveil next week, and which it hopes could transform the international payment system.
Facebook is taking the lead on building Libra and its underlying technology; its more than two dozen partners — including PayPal, Uber, Spotify, Visa and Mastercard — will help fund, build and govern the system.
This choice is different from its major competitor Mastercard Inc, which is resuming a push into the country by forming a joint venture with China's online clearing house NetsUnion Clearing Corp. "Our competitors will do what they think is best; we are going to do what we think is best for Visa," Kelly said on the sidelines of the annual China Development Forum recently.
UnionPay, a card association similar to Visa and Mastercard, first became available in Finland in 2010.
UnionPay's UK expansion signifies its ambition to rival Visa and Mastercard for global business.
Luckily, UnionPay has already built up a certain level of reputation in the UK and across Europe, as more and more retailers have started accepting UnionPay cards to attract high-spending Chinese outbound tourists who do not have Visa or Mastercard.
UnionPay card numbers quickly grew, and by 2016 the number of new cards issued by UnionPay comprised 54.9 percent of the global total, which is more than Mastercard and Visa.
Liu Anyu, a lecturer in hospitality at the University of Surrey, said: “Compared with Visa and Mastercard, Alipay does not charge the commission fee for consumption, only the exchange rate loss, if any.
UNITED NATIONS — Ajay Banga, president and chief executive officer of Mastercard, was honored by the United States Council for International Business (USCIB), which represents America's leading global companies.
Banga received USCIB's International Leadership Award at a gala dinner at the United Nations headquarters in New York, in recognition of Mastercard's ongoing leadership to extend the benefits of an expanding economy to all segments of society.
"Ajay Banga and Mastercard were among the first to recognize that financial inclusion can set in motion a virtuous cycle of equitable economic growth," said USCIB Chairman Terry McGraw, chairman emeritus of McGraw Hill Financial (now S&P Global).
Mastercard was one of the first supporters when the goals were launched in 2015, and the company has been working to help address issues such as poverty, hunger and gender equality," he said.
Mastercard has connected more than 300 million people around the world to the formal economy, providing critical access to services that allow them to live and work with greater efficiency, security and dignity.
Prior to Mastercard, Banga was chief executive officer of Citigroup Asia Pacific.
Mastercard hopes to play a key role in helping build a more inclusive and convenient financial system in the countryDennis Chang is the division president of Mastercard Inc in China, a leading global payments and technology group.
Mastercard has been actively tracking China's development, and we have seen the country's transformation toward a "new economy", which features high-quality investments, products and services.
To advance opening-up in the financial services sector, China granted the bankcard clearing license to the New York-based MasterCard Inc's joint venture in the country earlier this month, bringing the total number of foreign players in its bankcard clearing sector to two, including American Express.
Dennis Chang, division president of Mastercard Greater China, is particularly excited about Chinese consumers traveling around the world again.
"We are most excited about the travel recovery opportunities we will see this year," Chang said, adding Mastercard is working closely with its partners to provide Chinese consumers with payment solutions that adapt to the trend of digital payments.
They can also register and open a digital RMB wallet with an overseas mobile phone number through the E-CNY app, recharge the wallet with Visa or Mastercard cards, and then make payment.
Tourists traveling abroad are willing to spend more money and stay longer, highlighting a surge in willingness to travel overseas after China optimized its COVID-19 response measures in December, according to a report by Mastercard.
When they travel overseas again, their consumption behavior has changed significantly from the past, and they are eyeing new ways and trends of traveling globally," said Dennis Chang, China division president of Mastercard.
The Mastercard survey also found that travelers with higher incomes who made frequent trips abroad before the COVID-19 outbreak had a stronger willingness to travel overseas again.
Mastercard, a well-known bank card association, recently released a report highlighting a surge in willingness among tourists to venture out of the mainland after the change in pandemic controls.
IMF research showed that by May, electronic payments via WeChat Pay and AliPay had reached $18.7 trillion, more than all the transactions handled worldwide by Visa and MasterCard combined.
Female made up about 46 percent of total independent overseas tourists, or a DIY fashion, in 2016, while the number climbed to 58 percent in the first three quarters of this year, according to a report released by China's biggest online travel agency Ctrip and global payment giant Mastercard.
Ctrip and Mastercard inked a global strategic partnership in September, with the aim of supporting long-term growth in China's cross-border tourism market by coordinating their efforts in customer services, upgrading consumption and market research.
China's outbound tourism market is undergoing a consumption upgrade, with Chinese tourists choosing smaller, less well-known sightseeing destinations for their vacations, according to a new report released by global payment giant Mastercard and online travel service provider Ctrip.
Data collected anonymously by Mastercard show that for many Chinese travelers, their experiences while traveling abroad, such as wine tasting in Greece or exploring caves in Slovenia, are more important than shopping.
Conforming to these trends, Mastercard announced on Tuesday it will upgrade the benefits and rewards available to holders of World Mastercard next year.
Rivals of the network, such as Visa Inc and Mastercard Inc, acclaimed China's further opening of its payments market.
Mastercard also expressed support for the latest step forward by the central bank.
We look forward to working with Chinese partners and using our convenient, safe and innovative global payments network to benefit consumers and companies, with the aim of building a better future for the Chinese payments industry," said Mastercard.
In comparison, alternative platforms, including Visa and Mastercard, first convert product prices into US dollars and then into yuan, passing on the additional conversion costs to end users.
UnionPay faces an equally tough journey to compete for market share with rivals Visa and Mastercard.
While Union-Pay transactions accounted for 15 percent of global card transactions in 2016, just behind Visa and Mastercard, most of these transactions were made in China.
Mastercard's joint venture becoming licensed to operate in China has attested to China's commitment to deepening high-standard opening-up and accommodating foreign financial institutions, including US-based ones, expanding their business footprint in China, said the People's Bank of China, the country's central bank.
The remark came after the central bank said on Sunday that it had issued the bank card clearing license to Mastercard NUCC Information Technology (Beijing) Co Ltd — a joint venture of Mastercard and NetsUnion Clearing Corp — meaning that the company can authorize its member institutions to issue and accept Mastercard renminbi bank cards in China.
With Mastercard's joint venture licensed to do business in China, experts said China has approved two overseas bank card clearing institutions — American Express and Mastercard — to enter the domestic market.
China has granted the bank card clearing license to MasterCard's joint venture in the country, bringing the total number of foreign players in its bank card clearing sector to two.
The People's Bank of China, the country's central bank, said on Sunday that, together with the National Financial Regulatory Administration, it has approved the application from MasterCard NUCC Information Technology (Beijing) Co Ltd to establish a bank card clearing institution in China.
MasterCard NUCC is a joint venture established by MasterCard and NetsUnion Clearing Corp.
The PBOC said in a statement that it had issued the bank card clearing license to MasterCard NUCC on Friday, meaning that the company can authorize its member institutions to issue and accept Mastercard renminbi bank cards in China.
Following the approval, experts said China has approved two overseas bank card clearing institutions — American Express and MasterCard — to enter the domestic market, showcasing the country's opening-up commitment, which is conducive to fostering effective competition in the sector.
The newly launched "recharge before use" feature on the e-CNY app allows foreigners to replenish the wallet of the app using online services of global payment networks Visa and Mastercard.
A recent decision by WeChat Pay and Alipay to fully open up their online payment services to international card organizations such as Mastercard, Visa, JCB and Discover Global Network will offer greater convenience to global users in mobile payments and enable millions of small merchants to tap overseas purchases, industry experts have said.
After downloading the Alipay app, signing up to register and link an overseas bank card issued by major international card networks, including Visa, Mastercard, Diners Club International and Discover, and then international travelers can enjoy mobile payment in China.
Mastercard is eyeing on travel recovery opportunities this year that are expected to enable Chinese travelers resume globetrotting after three years of COVID-related curbs.
Dennis Chang, division president of Mastercard Greater China, said Chinese consumers will likely discover a world very different from the one they had last seen before 2020.
This is where companies such as Mastercard acquire added significance.
Mastercard, Chang said, is working closely with its bank partners and technology partners to help Chinese consumers have memorable, trouble-free experiences during transactions and later.
Also that month, the People's Bank of China, the country's central bank, approved an application from Mastercard's Chinese joint venture to conduct bank card clearing business in the country.
The central bank announced on Feb 11 it approved the application of Mastercard to set up a domestic bank card clearing institution, when the virus was yet to be brought under control.
China's central bank also approved an application from Mastercard's Chinese joint venture to conduct bank card clearing business in the country.
"China has also removed the investment quota limits for QFII and RQFII, and allowed enterprises like American Express, MasterCard and Fitch Ratings to enter the domestic market.
The People's Bank of China announced on Feb 11 it had given Mastercard's Chinese joint venture the green light to begin formal preparation to conduct bank card clearing business in China, giving Mastercard access to the country's massive payments market.
Last year, Mastercard set up a joint venture with NetsUnion Clearing Corp, a Chinese clearing house for online payments.
Yi cited measures such as abolition of the investment quota limits for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII), and allowing enterprises like American Express, MasterCard and Fitch Ratings to enter China's market.
For instance, the PBOC released a guideline regarding speeding up efforts to build Shanghai as an international financial hub on Feb 14, and approved the application of MasterCard to set up a domestic bank card clearing institution on Feb 11, Chen said at a news briefing on Monday.2020 is a key year for China financial opening-up, he said, as the nation has pledged to remove the foreign ownership cap on securities, fund management and futures joint ventures by the end of the year, one year ahead of schedule.
Mastercard announced on Tuesday night that it has received approval from the People's Bank of China, the central bank, to begin formal preparations to set up a domestic bankcard clearing institution in China.
The application was submitted by Mastercard NUCC Information Technology (Beijing) Co Ltd, a joint venture of Mastercard and a wholly-owned subsidiary of NetsUnion Clearing Corporation.
Mastercard Asia/Pacific Pte Ltd holds 50 percent of shares in the company, Mastercard International Inc, 1 percent, and the subsidiary of NetsUnion Clearing Corporation 49 percent, according to Qichacha, a platform delivering business data, credit information and analytics on private and public companies.
"We are delighted and encouraged by this latest decision from the PBOC," said Ajay Banga, president and CEO of Mastercard.
It signals that US companies such as Visa and MasterCard will take a step forward in China's vast payment market, Li said in a research note.
Tencent is exploring collaboration opportunities with Visa, Mastercard, American Express, Discover Global Network and JCB to offer mobile payment service to international credit card users by allowing them to bind their cards issued overseas with WeChat Pay.
While expressing continued support for Libra's "aspirations", Paypal said it decided to leave the global cryptocurrency club expected to consist of such big names as Visa, Uber, Lyft, and Mastercard.
PayPal's withdrawal came after the Wall Street Journal reported Wednesday that other Libra members including Visa and Mastercard were also reconsidering their commitment to the group.
It also plans to have a global network, with 27 companies and entities as the founders, including the world's long-standing payment giants Visa and Mastercard.
Twenty-seven companies and entities have joined the Libra founder group, including the world's traditional payment giants Visa and Mastercard.
Rivals Visa and Mastercard have also submitted requests for licenses but are yet to get approvalAmEx's JV, named Express (Hangzhou) Technology Services Co, is required to complete operation preparations within a year and get a nod from the central bank before running the card clearing business, the People's Bank of China said in a statement on its website.
Foreign card companies, especially behemoths like Visa and Mastercard, have been lobbying for more than a decade for direct access to China - where the number of cards in circulation is expected to rise to 9 billion by 2020 from 6 billion in 2016, according to research firm GlobalData Plc.
UnionPay counts Visa, Mastercard, and Apple Inc among its partners for payments-related services in China.
Visa and Mastercard both climbed almost 5.0 percent, boosted by strong credit card sales included in bank earnings reports, according to Oakbook's Sampson.
Ann Cairns outlines Mastercard's role in using technology to make financial services secure in ChinaWith artificial intelligence, big data and cybersecurity receiving prominence in China's quest for innovation-powered businesses, financial services major Mastercard will seek to strengthen the country in those areas, said Ann Cairns, president of the company's international operations.
On April 5, Mastercard promoted Cairns to vice-chairman, effective June 1.
She will focus on a range of strategically important initiatives like financial inclusion, and empowerment and promotion of women within the company and in the communities Mastercard serves.
Mastercard is in the process of applying for a business license in China.
Cairns believes China provides vast opportunities for financial services companies like Mastercard.
No other country in the world has as many, and a significant number of them use Mastercard products.
To diversify its financial offerings in China, Mastercard launched a holistic service plan for major Chinese banks on April 11.
Leveraging Mastercard's global resources, the integrated services cover a number of areas, including market research, product design and data analytics.
To explore artificial intelligence, Mastercard acquired Applied Predictive Technologies, a cloud-based analytics provider.
Mastercard has also invested in cybersecurity-related measures like biometric authentication and anti-fraud tools, and developed safety nets that banks use to protect themselves from fraudsters and cybercrime.
Mastercard knows how to compete against both traditional card players and tech giants.
She said she could see what other people think and what Mastercard can do to keep itself competitive.
EMVCo said in the statement that Ant Financial, along with seven other organizations, has joined the program as technical associates of the consortium in the past 12 months and is playing an "active role" in the technical direction of Europay, Mastercard, and Visa specifications.
EMVCo, an organization whose members include Visa, MasterCard, JCB, American Express, Discover and China's UnionPay, is in charge of setting unified secure-payment standards for adoption in the global marketplace.
MasterCard's contactless bankcard allows cardholders to simply tap their card on the pay terminal to make secure payments.
MasterCard, another US-based card company, is also preparing to apply for a license, it said in an email.