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MasterCard, a product of MasterCard International, is distributed by issuing financial institutions around the world. Card holders borrow money against a credit line and pay it back with interest if the balance is carried over from month to month. Its products are issued by over 23,000 financial institutions in 220 countries and territories. It has over 700 million cards in circulation, whose users spent more than $650 billion in more than 16.2 million locations. |
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