In Good Company with Nicolai Tangen HIGHLIGHTS: Michael Miebach - CEO of Mastercard
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Jan 17, 2025 
Michael Miebach, CEO of Mastercard, shares his expertise on the evolving landscape of digital payments. He discusses innovations in payment methods, including biometrics and the essential role of cybersecurity. Miebach emphasizes the importance of leadership during crises, particularly in fostering open communication. Additionally, he highlights Mastercard's commitment to youth empowerment and mentorship in Africa, illustrating how the company supports education and career opportunities for the next generation.
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Future of Payments
- The payment space is evolving rapidly, with increasing digitization and a move towards frictionless transactions.
- Biometrics and other technologies are expected to replace traditional payment methods like cards and passwords in the next decade.
Mastercard's Evolving Role
- Mastercard's role in a cardless future will be to facilitate transactions between parties, connecting banks and merchants.
- They will manage the complex background processes, ensuring seamless and secure payments.
Combating Fraud
- Fraud is a significant issue, causing substantial financial losses and eroding trust in digital solutions.
- Mastercard invests heavily in cybersecurity to combat fraud and stay ahead of fraudsters.