- Mastercard partnered with Citibank for its Citi Plex Account.
- The Asia Pacific area is home to a number of card issuers.
- Mastercard in the Asia Pacific region is seen as a solid competitor in the global marketplace.
Mastercard has partnered with SAP Concur in the Asia-Pacific region. SAP Concur and Mastercard are not competing for customer business, they are actually complementary partners. SAP Concur and Mastercard provide cardholders with discounts and other benefits, such as travel insurance, extended payment terms, and more.
By partnering with each other, cardholders can benefit from their services, while benefiting from the extensive global payment system offered by Mastercard.
Many other card providers also have operations in the Asia Pacific region. An example of this is JCB Group, which is recognized as one of the leading plastic card manufacturers.
This manufacturer processes credit and debit cards at retail outlets all over Asia. JCB Group’s international expansion has meant that it now services more than 120 countries around the globe.
Mastercard partnered with Citibank for its Citi Plex Account. Citibank is among the largest banks in the United States and Europe, and its activities include managing financial transactions and ensuring the safe and timely processing of accounts.
The Asia Pacific area is home to a number of card issuers, including Industrial and Commercial Bank of China, who are known for their diverse range of offerings. The most popular cards offered by these companies are their Mastercard Visa and Mastercard Masterpass products.
Both Mastercard and Industrial and Commercial Bank of China offer MasterCard cards that are accepted at nearly all of the major hotels worldwide. These cards may be used at any time, as they are linked to a specific bank account, which usually remains with the hotel.
Mastercard cards can be used at a wide variety of locations, including convenience stores, gasoline stations, malls, supermarkets, and many other establishments.
On the other hand, Mastercard Masterpass is accepted at locations that accept major credit cards. This card enables the holder to use it at participating retailers only. In recent years, the percentage of the world’s population that uses Mastercard has been on the rise, which has been assisted by the company’s ongoing marketing campaign.
Another card provider in the Asia Pacific region is China Construction Bank Corporation, which is well-known for its low-interest credit cards. This company is currently facing fierce competition from Mastercard, which has recently started issuing its own credit cards.
China Construction Bank Corporation cards can only be used at its designated financial institutions and partners, which include K-Mart, Target, Wal-Mart, JCPenny, Slazenger, and Toys R Us. However, customers can apply online through a dedicated portal for free. Many users of China Construction Bank Corporation credit cards have reported great customer service and affordable prices.
Mastercard, Visa, and Discover have teamed up to provide consumers with a comprehensive travel and leisure card. Known as Visa Plus, this new product is currently being offered exclusively in Australia and plans to expand globally soon.
Visa cards can be used at over 150 million points of sale locations worldwide, including leading retailers like K-Mart, Target, and Tesco. The card can even be used to purchase gift cards for everyday items at over 500 select restaurants.
This is a plan that will not be available everywhere in the future but will be an exciting alternative to the current credit/debit card structures that most consumers are used to.
Mastercard in the Asia Pacific region is seen as a solid competitor in the global marketplace. They compete intensely on several fronts, including pricing, rewards programs, and service. They also compete against Discover and American Express, who each offer a unique mix of perks and benefits for their cardholders.
While Mastercard does not currently issue cards directly to merchants in the Asia Pacific region, they are aggressively marketing their business through existing partner companies and issuing new cards to meet the needs of the international card market.
Their strong financial management and solid customer service position them well to continue innovating and providing customers with convenient payment options.