1. Meaning:
(1) VISA, generally translated as Visa in China, is a credit card brand operated and managed by Visa International Organization located in California, USA.
(2) MasterCard is a MasterCard credit card. MasterCard is also an internationally accepted credit card system.
2. Difference: At present, there is not much difference between the two international organizations in China. Just like Coca-Cola and Pepsi-Cola, which one you choose can completely depend on your own preferences. If you often travel in Asia or Australia or make purchases with credit cards, it is recommended that you choose VISA, because VISA accepts a larger number of merchants in Asia and Australia, making it more convenient to use. Mastercard's strength lies in Europe and North America. Friends who frequently travel to Europe and America can choose Mastercard.
3. VISA
(1) VISA is operated and managed by Visa International, located in San Francisco, California, USA.
(2) VISA card was issued in 1976. Its predecessor was Bank Americard issued by Bank of America.
(3) In June 2017, the "BrandZ Top 100 Most Valuable Brands in the World 2017" announced that Visa ranked 7th with a brand value of US$110.999 billion.
4. MasterCard
(1) MasterCard (New York Stock Exchange stock trading code: MA) was founded in 1966, with its global headquarters located in New York in the eastern United States. As the world's leading payments company, Mastercard is committed to providing global consumers with a more convenient and efficient financial payment environment. Through payment franchises, processing centers and consulting services for the payment industry, Mastercard provides leading global business links for global financial institutions, governments, enterprises, merchants and cardholders.
(2) With its MasterCard?, Maestro?, Cirrus? brands, and its core products of credit cards, debit cards and prepaid cards, as well as innovative and versatile platforms such as MasterCard PayPass? and MasterCard inControl?, Mastercard continues to promote global commerce, serving consumers, governments and merchants in more than 210 countries and regions.
(3) American financial institutions created an internationally accepted credit card system from the late 1950s to the early 1960s, which quickly became popular around the world. In 1966, some banks formed an organization called the Interbank Card Association. In 1969, the Interbank Card Association purchased the patent rights of MasterCharge and unified the credit card names and style designs of each card issuer. In the following ten years, the original name of MasterCharge was changed to MasterCard.