Deal will Further Drive MasterCard's Global e-Commerce Strategy

Dubai, UAE, November 23, 2010 - MasterCard Incorporated (NYSE:MA) recently announced that it has completed its acquisition of DataCash Group, at a price of 360 pence per share in cash, representing £334 million (US$526 million) in aggregate.

The acquisition of DataCash expands MasterCard's existing e-Commerce merchant gateway presence in Asia and Australia to European countries and other high-growth, emerging markets worldwide, and allows MasterCard to provide new services to acquiring customers and drive increased e-Commerce penetration in both existing and new markets.

DataCash offers a single interface that provides e-commerce merchants with the ability to process secure payments across the world. As one of the leading European payment service providers, DataCash develops and provides outsourced electronic payments solutions, fraud prevention, alternative payment options, back-office reconciliation and solutions for merchants selling via multiple channels. The company also has a leading fraud solutions and technology platform.

In 2009, DataCash processed more than 240 million transactions for more than 1,400 merchants in a variety of sectors, including retail, travel and leisure, entertainment, gaming and telecommunications. For the year ended December 31, 2009, DataCash reported revenue of £36.9 million (US$58 million) and an EBITDA margin of 46%. DataCash employs 362 people worldwide with operations in London, Dublin, Mannheim and Cape Town.

MasterCard believes the acquisition of DataCash will create a long-term growth platform, providing the company with the ability to:

  • Drive the growth of the e-commerce category in concert with MasterCard's acquiring customers, thus increasing the use of MasterCard-branded credit and prepaid products, as well as MasterCard and Maestro-branded debit products, for online purchases - particularly in Europe and other markets;

  • Expand and enhance MasterCard's successful MiGS gateway business currently operating in the Asia Pacific region, enabling merchants to gain new market reach and access to value-added services;

  • Leverage MasterCard's network and global presence to more rapidly drive the global expansion and adoption of DataCash's products and services beyond Western Europe where a majority of DataCash's business is conducted today;

  • Combine DataCash's and MasterCard's fraud capabilities and expertise resulting in "end-to-end" fraud screening and management services; and

  • Expand DataCash's platform and launch MasterCard's new generation of e-commerce, mobile commerce and other payment products, enabling merchants to quickly accept these new forms of payments with minimal integration challenges.

"E-commerce represents an important part of MasterCard's growth strategy, and this acquisition allows us to provide new services to our acquiring customers, as well as drive increased e-commerce penetration in both existing and new markets," said Ajay Banga, MasterCard president and chief executive officer. "The acquisition of DataCash expands our already significant e-commerce merchant gateway presence in Asia and Australia to European countries and other high-growth, emerging markets worldwide."

More information can be found within the Investor Relations section of the company's website at www.mastercard.com.

-Ends-

Forward-Looking Statements
Statements in this press release which are not historical facts, including MasterCard's expectations regarding DataCash capabilities, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made. Accordingly, except for the company's ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information. Such forward-looking statements include, without limitation, statements related to:  MasterCard's ability to utilize DataCash as a long-term growth platform, including: expanding its gateway presence; increasing the use of MasterCard-branded products for online purchases; expanding the MasterCard MiGS gateway business; driving the global expansion and adoption of DataCash's products and services; combining DataCash's and MasterCard's fraud capabilities and expertise; and expanding DataCash's platform and launching MasterCard's new generation of e-commerce, mobile commerce and other payment products.  In addition, actual results may differ materially from such forward-looking statements for a number of reasons related more broadly to MasterCard's overall business, including those set forth in the company's filings with the Securities and Exchange Commission (SEC), including the company's Annual Report on Form 10-K for the year ended December 31, 2009, the company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that have been filed with the SEC during 2010. Factors other than those listed above could also cause the company's results to differ materially from expected results.

About MasterCard Incorporated
As a leading global payments company, MasterCard Incorporated prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network - the fastest payment processing network in the world - MasterCard processes over 22 billion transactions each year, has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl™. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com.

Contacts:

Karen Hargreaves
MasterCard Worldwide
+ 971-4-391-4200
Karen_Hargreaves@Mastercard.com

Heba Hassan, Golin Harris - Dubai
+971 4 3323308
Email:hhassan@golinharris.com

© Press Release 2010