Mastercard Integrated (MA) Gifts at Bernstein’s thirty ninth Annual Strategic Selections Convention 2023 (Transcript)

Mastercard Integrated (NYSE:MA) Bernstein’s thirty ninth Annual Strategic Selections Convention 2023 Name Might 31, 2023 11:00 AM ET

Corporate Individuals

Sachin Mehra – Leader Monetary Officer

Convention Name Individuals

Harshita Rawat – Bernstein

Harshita Rawat

Just right morning, and welcome, everybody, to the Bernstein’s thirty ninth Annual Strategic Selections Convention.

I’m thrilled to be joined these days through Sachin Mehra, the CFO of Mastercard.

We’ve about 50 mins for a fireplace chat. Target audience participants can put up their questions through the Pigeonhole hyperlink equipped, and I’m going to learn the ones questions all through our dialog.

And with that, let’s start. Sachin, thanks such a lot for becoming a member of us these days.

Sachin Mehra

Thank you, Harshita. Thanks for having me right here, and just right morning to all of you.

Query-and-Solution Consultation

Q – Harshita Rawat

So, let’s get started with that query, Sachin, that is on everybody’s thoughts, the macroeconomic setting. And with the whole thing that is happening, what are you seeing in the case of client spending on Mastercard playing cards?

Sachin Mehra

Sure. Glance, I imply, the headline, as we more or less shared with you as a part of our Q1 income name used to be we proceed to peer a client which is solely remarkably resilient, and client spending remains to be remarkably resilient. Clearly, we’re all monitoring precisely what you are monitoring from a macroeconomic setting point of view. And as I have a look at our drivers, as within the efficiency drivers, which we — which power our top-line, what we are seeing successfully is that throughout the first two weeks of the month of Might that our drivers are usually consistent with our expectancies. It is what we shared with you on the time of our income name. They are in reality monitoring usually consistent with that.

Now clearly, we are completely aware of what the macro setting is. We are holding an in depth eye on more than a few elements, a few of which can be

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