MasterCard Europe: Different, But Not Better

摘要

With its IPO, MasterCard will convert from a registered private share corporation controlled by banks into an independent public company-almost. The cutover will be clean except in Europe, its second-largest market. In Europe, a board of bankers will continue to manage most mean ingful aspects of MasterCard's business. This will put a bridle on the global payment network's growth and IPO valuation prospects.