Technology is becoming smarter and more intuitive than ever before. In the world of payments, new innovations and greater ease of access to financial technology are supporting many SMEs, supply chains and other services in joining the digital economy.
In his annual letter, Mastercard CEO Michael Miebach outlines how the company has helped bring more companies and people into the digital economy in the past year, and its plans to continue to do so in the future.
Mastercard: Steering momentum to a universal digital economy
In collaboration with its many industry partners, Mastercard has delivered many of the payments technologies that may digitisation possible today, from contactless cards to tokenisation and cybersecurity defences.
“People use our global network hundreds of millions of times a day to safely and easily transfer money, make payments and get paid,” says Michael.
“We are pursuing a future that accelerates these changes to deliver more value, stronger relationships and greater efficiency.
“Banking and retail experiences that can be more personalised. Commercial services that simplify processes for businesses of all sizes. AI-powered cybersecurity that allows us all to stay one step ahead of scammers.
“This is how we’re powering economies and empowering people.”