Assessment Buy	Fair Value Estimate $340 – $390	Price $207.03	Enterprise Value $213.9bn	Moat Category Capital-Light Compounder
Consider Buy Price $272 – $312	Economic Moat Wide	Stewardship Rating Standard	Market Cap $212.5bn	Moat Type Network Effect, Brand

What does it do

MasterCard is the second-largest e-payment network company helping to authorize, clear and settle a transaction. It is the middle-man, moving money to and fro from one bank to the other. MasterCard itself does not loan the money to the consumer to buy goods on credit, nor does it physically sell the credit cards.

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