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MasterCard is a payment network processor that partners with financial institutions to issue cards processed exclusively on its network. It was established in the USA in 1966 and became a publicly traded company 40 years later.

Today, MasterCard is one of the world’s most accepted banking methods online, and you can use the credit card, debit card or prepaid card just about anywhere. The debit and prepaid card must have funds available, but the credit card offers a credit facility up to a predetermined amount.