Year in review

The year in photos

December 31, 2024 | By Vicki Hyman
From innovating online checkout to accelerating cybersecurity innovation to empowering entrepreneurs, here are some of the moments showcasing how Mastercard propelled an inclusive digital economy and more sustainable world in 2024. 
Campers and camp leaders smile together.

 

From teaching NGOs to guard themselves against cyberattacks to helping hurricane, earthquake and wildfire victims get back on their feet to supporting food banks, animal shelters and refugee organizations, Mastercard employees are making an impact around the world. In 2024, more than 8,000 employees contributed 124,000 volunteer hours across 60 countries, including Miami-based Michael Capozzi, in photo above, who launched the Fundación Chispas de Esperanza with his family, aiming to change lives through the power of sports and education. That includes the Café con Leche Summer Camp in the Dominican Republic for more than 100 young, at-risk and underserved young people. Read more here

 

A woman wears glasses to protect her eyes during the eclipse in North America.

 

April 8, a total solar eclipse drew millions of people outdoors from central Mexico, the central and eastern U.S. and southern Canada to watch the phenomenon. The Mastercard Economics Institute, as part of its “Eventful Economy” series, calculated that hotel sales within the path of totality got a 71% boost from April 5 to April 8 — New Hampshire alone saw 729% increase. In 2024, MEI also investigated the economic impact of other major cultural events, including India’s festival season, Rio’s Carnival and Taylor Swift’s Eras tour. Read more here

Philanthropist Melinda French Gates speaks with Rosario Dawson, an actor and activist for gender equality, and Fatoumata Bâ, the founder and executive chair of Janngo Capital, on stage at the Global Inclusive Growth Summit in Washington, D.C.

 

In Washington, D.C., CEOs and faith-based changemakers, university presidents and United Nations officials, development bank leaders, data scientists and cinema darlings all  shared the stage at Mastercard’s annual Global Inclusive Growth Summit on April 22, tackling issues such as the responsible use of AI, the intersection of climate change and financial inclusion, and the empowerment of women entrepreneurs. Among them, in photo above, actor and gender equality activist Rosario Dawson, left, Fatoumata Bâ, center, the founder of Janngo Capital, and philanthropist Melinda French Gates, right. “If we capitalize women and if we open up their entrepreneurial nature and their possibility, we’re going to have an amazing compounding affect around the world," Gates said. Watch videos from the summit here

 

Mastercard CEO Michael Miebach captures a selfie with employees at the new Pune Tech Hub.

 

In 2014, Mastercard opened its first Tech Hub in Pune, India, with 200 employees. Ten years later, Mastercard leaders inaugurated a new, solar-powered, state-of-the-art Tech Hub that will house more than 6,000 employees, making it the company’s largest workforce in a single city. It will serve, said Ed McLaughlin, Mastercard Technology president and chief technology officer, “as a testament to Mastercard’s enduring commitment to empowering India, furthering its digital ambitions, and nurturing the immense talent in the country.” Celebrating in the photo above, in the front row from left, Sajit Sankar, vice president for Real Estate Services, Nicole Turner, senior vice president for Workplace Experience, CEO Michael Miebach, Rajesh Mani, senior vice president and head for Asia Pacific Tech Hubs, Gautam Aggarwal, division president for South Asia, and Rajnish Kumar, chairman, Mastercard India. Read more here

Two men, one in traditional Arhuaco dress, stand on a mountain in the Sierra Nevada de Santa Martas in Colombia.

 

The work of the Priceless Planet Coalition, which aims to restore 100 million trees globally, advanced this year, with three new sites and expanded work in six others, including Colombia’s Sierra Nevada de Santa Maria mountains, in photo above, where the Indigenous Arhuaco people are restoring their sacred lands with support from the coalition and the Colombia Ministry of the Environment. New sites include the High Andes, Eastern Himalayas and Thailand’s Kaeng Krachan National Park, all chosen because of their ability to maximize benefits on climate, communities and biodiversity. Read more about Mastercard's sustainability efforts here

 

Mastercard runners celebrating their third place win at the Singapore Bloomberg Square Mile Relay.

 

Team spirit extended outside the office, with Mastercard runners celebrating their third-place win at the Singapore Bloomberg Square Mile Relay in October, photo above, the Mastercard Waterloo field hockey team competing in Belgium's Hockey Corporate Tournament, and the Mastercard London football team scoring second place at the International Federation of Corporate Football's World Cup in Greece.  "The team covers a wide range of job functions, from videography to data science to software engineering," said Baron Gracias, the London football team captain and data scientist. "Together we represent the very best of Mastercard’s team culture. We all helped each other achieve more, and we all gave each other the strength to go further than we ever could alone."

 

The ceiling of the Mastercard booth at the Singapore Fintech Festival, upon which there are abstract projections.

 

Mastercard showcased its innovation around the world in 2024, including the Singapore Fintech Festival in November, where thousands flowed through the “Sphere of Commerce,” made of 3,000 LED panels, where they experienced firsthand how tech is propelling commerce into a new era. Building on earlier announcements that Mastercard would phase out manual entry of card numbers for e-commerce in Europe by 2030 and launch its Payment Passkey Service in India, Mastercard executives outlined how it would bring one-click checkout to the rest of the world through a combination of tokenization, biometric-powered payment passkeys and Click to Pay. This will eliminate the need for static or one-time passwords and boost fraud protection, leading the way to a global economy that empowers everyone. Read more about one-click checkout here and here

 

Mastercard Start Path leaders and other employees ring the bell at the New York Stock Exchange.

 

Start Path, Mastercard’s startup engagement program, celebrated its 10th anniversary by ringing the bell at the New York Stock Exchange on November 13. The program has supported more than 400 companies from more that 50 countries that have collectively raised north of $25 billion in post-program capital. That day also marked the company’s annual Investment Community Meeting, during which Mastercard leadership shared its strategy and successes with investors and analysts, including expanding acceptance to 150 million locations globally, fortifying cybersecurity and other services, and growing commercial payments. Listen to a podcast with Start Path lead Sabrina Tharani Libby and and two fintech founders here

 

A McLaren race car with Mastercard livery on a stage.

 

And they’re off! Mastercard and McLaren Racing kicked off its partnership at the Las Vegas Grand Prix in November, debuting its new livery with iconic red and yellow Mastercard circles on the cars driven by Lando Norris and Oscar Piastri. Formula 1 is one of the world’s fastest-growing passions, with one in three fans starting to follow the sport within the last past four years. The partnership with McLaren Racing was a natural for Mastercard, whose Priceless platform connects people to their passions, according to Mastercard's Raja Rajamannar, chief marketing and communications officer: “The innovation of this sport is awe-inspiring, and we want as many people as possible to be able to experience it — whether as a fan, as a driver or in other critical roles." Read more here

 

A sculpture of a moose in a suit sits outside a chocolate shop in Fort Langley, B.C.

 

Fort Langley, B.C., is already a town straight of a storybook — the ABC fantasy series “Once Upon a Time” and many a Hallmark movie were even filmed there. And the storybook became real when Mastercard created an immersive shopping experience built around an original tale called “Cranberry & Crumm” for the holiday season, boosting sales and foot traffic to support the small businesses that are the heart of this community. Shoppers marveled at unique storefront displays and the in-store art installations and received a collectible puzzle piece featuring a town landmark when they made a purchase with a Mastercard. The Fort Langley experience was the first in a series of shopping experiences that will roll out across North America in 2025 and beyond. Read more here

Vicki Hyman, director, communications, Mastercard