Mastercard Incorporated (MA) Management presents at BofA Virtual Electronic Payments Symposium (Transcript)

Mastercard Incorporated (NYSE:MA) BofA Virtual Electronic Payments Symposium March 18, 2024 3:45 PM ET

Company Participants

Sachin Mehra - CFO

Conference Call Participants

Jason Kupferberg - Bank of America

Sachin Mehra

Hi, Jason, can you hear me?

Jason Kupferberg

I can. I can. Thank you very much, Sachin, for doing this.

Sachin Mehra

I'm happy to do this.

Jason Kupferberg

Thank you to everybody connecting here for this session. Second to last session of the day, day one of our 2024 Virtual Electronic Payment Symposium, and super excited to have Mastercard with us. Sachin Mehra, CFO, who many of you know, of course. I'm Jason Kupferberg, the Payments Processors and IT Services Analyst here at Bank of America. So we're going to do a classic fireside chat with Sachin, and cover as much ground as we can here in the time allotted, but Sachin, really do appreciate you taking some time with us this afternoon.

Sachin Mehra

Thanks, Jason. Thank you for having me. I'm looking forward to our discussion.

Question-and-Answer Session

Q - Jason Kupferberg

Great. Great. Great. Well, I guess I'll kick off with a little bit of activity in the sector, as always. And Cap One Discover, there's been a lot of questions and thoughts about what that means for the rest of the space. I mean, what's your perspective on what it potentially means for Mastercard over time, just based on some of what's been discussed by Cap One and Discover?

Sachin Mehra

Sure, Jason. So look, first, what I'm going to say is that it's still early days, right? I mean, things are still evolving. Kind of, it's been what, maybe three weeks since the announcement came out, maybe a little bit longer. Things are, evolving and they will continue to evolve, right? All of that being said, I do want to emphasize that we have had a longstanding and a