Exhibit 21.1

LIST OF SUBSIDIARIES

Name |  | Jurisdiction
Cirrus System, LLC |  | Delaware
MasterCard Europe sprl |  | Belgium
European Payment Systems Services sprl |  | Belgium
euro travellers cheque International S.A. |  | Belgium
EUROCARD U.S.A., Inc. |  | New Jersey
Eurocard Limited |  | England
MasterCard International Incorporated |  | Delaware
MasterCard Advisors, LLC |  | Delaware
MasterCard Africa, Inc. |  | Delaware
MasterCard A/P Payment Services, Inc. |  | Delaware
MasterCard Asia/Pacific Pte Ltd. |  | Singapore
MasterCard Asia/Pacific (Australia) Pty. Ltd. |  | Australia
MasterCard Asia/Pacific (Hong Kong) Limited |  | Hong Kong
MasterCard Australia Ltd. |  | Delaware
MasterCard Brasil S/C Ltda. |  | Brazil
MasterCard Brasil Soluções de Pagamento Ltda. |  | Brazil
MasterCard Canada, Inc. |  | Delaware
MasterCard Cardholder Solutions, Inc. |  | Delaware
MasterCard China Holdings, LLC |  | Delaware
MasterCard Chip Standards Holdings, Inc. |  | Delaware
MasterCard Colombia, Inc. |  | Delaware
MasterCard EMEA, Inc. |  | Delaware
MasterCard/Europay U.K. Limited |  | England
MasterCard Financing Solutions, LLC |  | Delaware
MasterCard Foreign Sales Corporation |  | Barbados

MasterCard Global Holding LLC |  | Delaware
MasterCard Global Promotions & Sponsorships Annex, Inc. |  | Delaware
MasterCard Holding Incorporated |  | Delaware
MasterCard Hong Kong Ltd. |  | Delaware
MasterCard (India) Private Limited |  | India
MasterCard International Incorporated Chile Ltda. |  | Chile
MasterCard International Far East Ltd. |  | Delaware
MasterCard International Global Maatschap |  | Belgium
MasterCard International Holding LLC |  | Delaware
MasterCard International Japan Inc. |  | Delaware
MasterCard International Korea Ltd. |  | Korea
MasterCard International Philippines, Inc. |  | Delaware
MasterCard International, LLC |  | Delaware
MasterCard International Services, Inc. |  | Delaware
MasterCard Korea Ltd. |  | Delaware
MasterCard Mercosur, Inc. |  | Delaware
MasterCard Mexico, Sociedad de R. L. de C.V. |  | Mexico
MasterCard Middle East, Inc. |  | Delaware
MasterCard Netherlands B.V. |  | The Netherlands
MasterCard Originator SPC, Inc. |  | Delaware
MasterCard Peru, Inc. |  | Delaware
MasterCard Puerto Rico, LLC |  | Puerto Rico
MasterCard Services SPC, Inc. |  | Delaware
MasterCard Singapore Ltd. |  | Delaware
MasterCard Taiwan Ltd. |  | Delaware

MasterCard Travelers Cheque, Inc. |  | Delaware
MasterCard UK, Inc. |  | Delaware
MasterCard Uruguay Limitada |  | Uruguay
MasterCard Venezuela, Inc. |  | Delaware
MC Indonesia, Inc. |  | Delaware
Maestro International Incorporated |  | Delaware
Maestro Asia/Pacific Ltd. |  | Delaware
Maestro Canada, Inc. |  | Delaware
Maestro Latin America, Inc. |  | Delaware
Maestro Middle East/Africa, Inc. |  | Delaware
Maestro U.S.A., Inc. |  | Delaware
Mondex International Limited |  | England
MAOSCO Limited |  | England
Mondex International Americas, Inc. |  | New Jersey
Mondex Asia Pte. Ltd. |  | Singapore
Mondex China Pte. Ltd. |  | Singapore
Mondex India Pte. Ltd. |  | Singapore
Mondex International (Australia) Pty. Ltd. |  | Australia
MasterCard Global Key Centre Limited |  | England
MXI Management Limited |  | England
MasterCard UK Inc Pension Trustees Limited |  | England
MasterCard UK Management Services Limited |  | England
Bright Skies LLC |  | Delaware
Clear Skies LLC |  | Delaware
CSI Holdings Inc. |  | Missouri

EMVCo, LLC |  | Delaware
GVP Holding Incorporated |  | New York
JNS Corporation Yugen Kaisha |  | Japan
MasterCard GTS Holdings Private Ltd. |  | Mauritius
MasterCard GTS Software Private Limited |  | India
Mastermanager LLC |  | Delaware
MasterCard Beneficiary Trust |  | Delaware
MTS Holdings, Inc. |  | Delaware
Purchase Street Research, LLC |  | Delaware
The Tower Group, Inc. |  | Massachusetts
Towergroup Europe Limited |  | England
SET Secure Electronic Transaction LLC |  | Delaware