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Maestro vs Mastercard Comparison

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History and Basics: Maestro is Mastercard's debit card brand launched in 1991
Maestro was first online point-of-sale debit network in Europe
Around 400 million Maestro cards are in circulation worldwide
Key Differences: Maestro is a debit card, Mastercard can be credit, debit, or prepaid
Maestro cards work similarly to Mastercard's with ATM and online payments
Mastercard network is twice as large as Maestro's
Usage and Benefits: Maestro is especially popular in Europe, especially Germany and Netherlands
Both support contactless payments and ATM withdrawals
Debit cards offer better budget management and travel security
Future: Mastercard will discontinue Maestro brand by July 2023
Expired Maestro cards will be replaced by Mastercard debit cards
New cards will work similarly to Maestro's original format