Glossary

Mastercard

Is an international Card Network with the core business of processing the payments between the Acquirers and Issuers who use Mastercard-branded Payment Cards. Mastercard does not issue the Cards itself, but rather it authorises the Issuer which is connected to its system to do so.

How does Mastercard work?

Mastercard works by providing infrastructure to Issuers and Acquirers which facilitates execution of Transactions

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