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Mastercard plans payments push

November 11, 2021

Mastercard outlined ambitious growth targets for its payments business at a presentation for investors and Wall Street analysts on Wednesday.

Mastercard expects its core card business to grow annually at about 9% during the next few years. It estimates the card market at a size of about $45 trillion while the total addressable market for payment flows is more than five times the size, roughly $255 trillion, the company said.

The payments giant is targeting disbursements and remittances, business-to-business accounts payable and consumer bill payments, which the company expects to grow at double-digit percentage rates.

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