Did MasterCard see Visa's press release (see previous post) regarding their 26% Growth in Latin American and the Caribbean? Otherwise this is simply a fun coincidence...MasterCard Launches Integrated Marketing and Consumer Education Efforts Focused on U.S. Hispanic Consumers
Elements of Integrated Campaign include a new “Priceless” Advertising Spot and Financial Education Grassroots Tours in Partnership with Univision and the Hispanic Heritage Foundation
PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Worldwide today announced a marketing and consumer education campaign that speaks directly to U.S. Hispanic consumers. As part of its ongoing efforts to educate consumers about the value of its myriad of payment products, MasterCard released a new 30-second Spanish language Priceless commercial entitled “Quebradita.” The commercial emphasizes how consumers can better manage their money through the use of debit and prepaid MasterCard cards. Translated as “little break,” quebradita is a modern, acrobatic Latin American dance style recognizable by its western clothing, hat tricks and daring flips.
“Hispanics are the largest and fastest growing ethnic group in the U.S. representing about 15% of the total U.S. Population, according to the U.S. Census. As we look to continue to bring value to Hispanic consumers, it is important for MasterCard to be speaking in their language in channels that are relevant to them,” said Chris Jogis, senior vice president, US Consumer Marketing. “Our campaign, coupled with our grassroots education efforts, is designed to build an emotional connection with consumers, first through our advertising, and then by speaking directly with them at a local level through community organizations that they know and trust.”
The integrated campaign informs and educates U.S. Hispanics on the many benefits, including budget control features, that MasterCard products, specifically prepaid and debit MasterCard cards, offer.
“Many U.S. Hispanic consumers still rely on cash as their primary tool for managing finances, and in doing so are not able to take advantage of the convenience, security, and cost-savings that electronic payments can offer,” explained Laura Kelly, senior vice president, Global Prepaid Product Solutions. “Understanding the benefits of products like Everyday Prepaid MasterCard cards, which once registered, can enable online purchases, access to ATMs, direct deposit of pay checks, and with Zero Liability* protection for unauthorized purchases, are safer to carry than cash, is an important step toward taking advantage of financial options that make life easier. Our community-based efforts reinforce this through an emphasis on strong financial literacy.”
MasterCard recognizes that financial education and awareness is important for all segments of the population. To help contribute to the financial education of Spanish speaking U.S. consumers, MasterCard has developed a grassroots financial education series and will partner with Univision Communications, Inc., the nation’s leading Spanish-language media company to tie-in to Univision's successful financial literacy program "Cuentas Claras" (Clear Finances). Through this effort MasterCard will leverage elements across Univision’s television, radio, and online platforms including grassroots financial education events conducted in several cities in the country with a strong U.S. Hispanic population footprint. The series is designed to build financial literacy among US Hispanics by informing and educating them at various touch points with information on the different financial products that are available to help them manage their finances more effectively and efficiently. Additionally, Julie Stav, Univision’s financial expert, will be on hand at various grassroots events to provide tips on how to balance a budget, understand credit and save for one’s future.
MasterCard has also partnered with the Hispanic Heritage Foundation, the sponsor of the Hispanic Heritage Awards and Hispanic Heritage Youth Awards, and other organizations, who will provide support on-site at additional community events conducted in U.S. cities with a strong U.S. Hispanic population footprint. These events will also focus on important principles of better financial management and emphasize the benefits of debit and prepaid payment options.
“Quebradita,” which features the International Quebradita Dancing Champions, will hit the airwaves across the country on Hispanic television in 11 key U.S. markets where there is the highest concentration of Hispanic consumers: Chicago; Dallas; Harlingen, TX; Houston; Los Angeles; Miami; New York; Phoenix; Sacramento; San Antonio; and San Francisco.
In addition to the TV spot, MasterCard has also created Spanish-language radio advertising, out-of-home and on-line advertising to extend the campaign across relevant channels. MasterCard will also continue to build on its robust online presence, www.mastercardenespanol.com, where U.S. Hispanic cardholders can find useful information on MasterCard offerings available to Hispanics to help manage their financial needs.
*Certain exceptions apply. For terms and conditions, see www.mastercard.com/zeroliability.
Creative for the MasterCard "Priceless" campaign is driven by McCann Erickson/New York: Joyce King Thomas, EVP, Chief Creative Officer; Tim Dillingham, SVP, Creative Director; Mark Gonzalez, Creative Director; Sally Hotchkiss, SVP, Executive Producer.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information, go to www.mastercard.com.
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