In Good Company with Nicolai Tangen Mastercard CEO: Innovation, Cybersecurity and the Future of Payments
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Jan 15, 2025 
Michael Miebach, CEO of Mastercard, dives into the future of payments with a focus on biometrics and digital currencies. He discusses how advanced authentication methods and the rise of fintech are reshaping the payment landscape. Miebach emphasizes the need for adaptability in cybersecurity, highlighting Mastercard's strategic acquisitions to combat fraud. He also shares insights on leadership during change, the importance of diverse perspectives, and the company's commitment to financial inclusion, revealing a journey shaped by cultural experiences.
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Future of Payments
- The payment space is becoming increasingly digital, moving away from cash and checks.
- Biometric authentication will likely replace passwords, enabling seamless transactions.
Mastercard's Evolving Role
- Mastercard's role in a cardless future will be to facilitate transactions between parties like banks and merchants.
- They will ensure security, enable loyalty programs, and provide services like working capital for small businesses.
Fintech Innovation and Competition
- Fintech innovation drives the digitization of transactions, benefiting Mastercard's ecosystem.
- Large players like Apple could become competitors if the industry doesn't keep up with their pace of innovation.