VISA & MASTERCARD
Visa and Master cards now-a-days are not just credit cards. They also serve the purpose of debit card, prepaid cards, secured cards and gift cards. Both Visa and Master have similar functions but are two different entities. Read below to give you a clear picture. Thanks.
Visa Inc. (NYSE: V), commonly referred to as VISA (Visa International Service Association), is a multinational corporation based in San Francisco, California, USA. The company operates the world's largest retail electronic payment network, managing payments among financial institutions, merchants, consumers, businesses and government entities.
MasterCard Worldwide (NYSE: MA) is a multinational corporation based in Purchase, New York, United States. Throughout the world, its principal business is to process payments between the banks of merchants and the banks of purchasers that use its "MasterCard" brand debit and credit cards to make purchases.
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