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Mastercard Expands Partnership With UniCredit To Implement Single Card Multi Market Strategy

Mastercard Incorporated (NYSE:MA) has announced the global expansion of its payment partnership with UniCredit SpA (OTC:UNCFF). The agreement extends to 13 banks in…
byNabaparna Bhattacharya
May 26, 2023
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  • Mastercard Incorporated (NYSE:MA) has announced the global expansion of its payment partnership with UniCredit SpA (OTC:UNCFF).
  • The agreement extends to 13 banks in 12 markets across all card products, totaling 20 million cards.
  • “UniCredit has been an important partner for many years,” said Michael Miebach, CEO of Mastercard. “This expanded relationship will build on that experience to bring new innovations to UniCredit cardholders.”
  • This is the first time any sizeable commercial bank has implemented a “single card multi market strategy” of this scale in Europe. 
  • The development, buffered by Mastercard’s expertise in the card payment space, includes digitalizing payments solutions and offering multi-functioning solutions with a fully equipped card.
  • Also Read: Mastercard Inks Pact With HealthLock To Curb Medical Billing Errors, Overcharges
  • With the deal, UniCredit will leverage Mastercard’s brand platform and sponsorship marketing assets to deliver a simplified core product proposition with a full suite of in-app solutions across multiple payments rails.
  • Price Action: MA shares are trading higher by 1.05% to $373.91 on the last check Friday.
 
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