In recent years, Mastercard has been making a concerted effort to expand its network and embrace new technologies in order to drive growth and provide enhanced value to customers. Michael discusses the company’s focus on integrating digital identification and open banking into core payments and services, allowing for seamless data sharing with partners like Verizon and Worldpay.
As digital ID has become increasingly important for accessing government services, voting, and online shopping in many countries, Mastercard’s open banking assets connect to a vast number of deposit accounts in the US and thousands of banks in Europe. This allows for improved customer experiences by facilitating data sharing between different financial institutions.
Moving forward, Mastercard is committed to building a smarter, safer, and more inclusive digital future that meets the evolving expectations of its customers, partners, account holders, and shareholders. The company remains focused on delivering the high-quality payment services that its stakeholders rely on every day.