As the world becomes more digital,
#IDverification
tools will be needed even more. Sharing my op-ed in
@HarvardBiz
on what ID verification is all about, its huge potential and how we can use it for
#digitalinclusion
.
We’re partnering with several central banks to help them research new digital currencies projects. It starts with understanding what they want to achieve with this technology, then building in transparency, consumer privacy and stability.
We’re working toward those goals with a
I am honored to have the opportunity to lead Mastercard, a company that has outstanding people, industry leading technology, and tremendous potential. Looking forward to building on our extraordinary platform together!
What a memorable visit to India. Spent time with government leaders, media, university students, our people, our customers and our partners. They shared an inspiring energy, passion and optimism for the country’s future.
New: Today we announced Crypto Source. Will allow financial institutions to offer cryptocurrency trading for their customers. Expands our partnership with
@PaxosGlobal
Open Banking is all about giving consumers greater choice in financial services. We are excited to deliver even faster on this promise with the Finicity team.
Ajay Banga is an inspired choice to lead the World Bank.
He's a mentor, friend and first-rate leader who has worked tirelessly to bring hundreds of millions of people around the world into the digital economy.
We congratulate Ajay Banga on being the U.S. nominee to lead the World Bank. His impact on our business and in advancing inclusive growth across the globe is well documented. We look forward to our continued work with the World Bank and with Ajay, if appointed by the board.
Important conversation with the Indian ambassador
@SandhuTaranjitS
on efforts to address the
#COVID19
crisis. We’re encouraged by the weekend’s trends, but we know there's still work to do & stand in support of our colleagues & customers during these times
Good conversation today with Michael Miebach, CEO
@Mastercard
. Discussed
@Mastercard
's involvement in India's digital transformation and financial inclusion efforts.
@Mastercard
has committed $10 million towards fighting the COVID pandemic in India!
Ajay, congratulations! Your strong leadership and your big heart will be a huge benefit for
@WorldBank
and the millions of people it touches. I know you will help it keep growing, keep having a critical impact, keep bringing prosperity all over the world.
The future of money may look different – we’re researching and preparing our network for it: CBDCs, digital dollars, crypto services. All rooted in our core principles - consumer protections/currency stability/regulatory compliance
#crypto
#cbdc
#digitaleconomy
Thanks to
@Forbes
for the recognition in the Blockchain 50 list.
@Mastercard
has been working on
#blockchain
tech for years, bringing more trust + scale to the industry. We’re big believers in the space and its potential
Thrilled to just land in India during its 75th Independence Day celebrations. See the airport tower all in India's national colors greeting travelers! Will be here this week meeting partners, government officials and many of our over 7k-strong local employees.
#IndiaAt75
One of the benefits of working at
@Mastercard
’s global HQ is the opportunity to be inspired by the serene and timeless architecture of the late I.M. Pei - I appreciate his work every day!
Today is the 25th anniversary of our original Priceless campaign. That one word is now a big part of Mastercard - central to how we show up to partners, customers + cardholders. It’s part of pop culture too. It’s a figure of speech, represents what’s special about every day
Just bought an NFT - intriguing piece of art by
@allysongreycosm
- very excited - the payment experience needs some help though - more work to do for our crypto team at
@Mastercard
Our work with
@USAID_India
has supported women entrepreneurs all over India for many years. There’s even more we can achieve together - excited to keep growing this partnership. Thank you,
@USAIDIndiaMD
Yesterday,
@usaid_india
and
@Mastercard
reiterated our commitment to support 100k+ women entrepreneurs with digital skills, financial literacy, and access to capital. We tackle barriers that make it hard for women-owned businesses to grow and thrive
@MiebachMichael
@RichardRVerma
It was a pleasure to sit down with Hon. Union Finance Minister Smt.
@nsitharaman
where she shared India's impressive financial inclusion journey.
@Mastercard
is committed to promoting sustainable growth—together we can reach the
#DigitalIndia
vision.
Thrilled to announce this deal. We’ve re-signed our long-standing partnership with
@Lufthansa
for its
@Miles_and_More
loyalty program. And now
@DeutscheBank
will join as the new issuing partner for Miles & More starting in 2025.
Together – with our talented teams – we can move
Today we announced a partnership with
@MercedesBenz
to enable in-car payments. Use the fingerprint sensor embedded in current models’ infotainment system and pay at over 3,600 gas stations across Germany.
Exciting early use case for faster, simpler payments using whatever device
So much for people to explore in India. Every time I come back, I’ve been amazed by that. It’s why we launched priceless India, under guidance of Ministry of Tourism. 40+ experiences giving travelers something new while bringing tourism to more sites.
At
@Mastercard
we’re committed to building tech that’s for everyone. As I discussed with
@StephanieMehta
at
@AspenIdeas
, our approach is to build diverse
#tech
teams & collapse the distance between our centers of innovation & customers.
We can use blockchain technology to spark the next cycle of innovation in finance and payments.
But to unlock blockchain’s full potential and make it scale, we’ll need to add more guardrails and greater interoperability.
That’s what
@Mastercard
’s Multi-Token Network sets out to
At
@DiversityInc
’s annual event last night,
@Mastercard
was named No. 1 on its list of Top 50 Companies for Diversity.
Our teams take tremendous pride in this achievement and the progress we’ve made.
This recognition is about who our teams are, what they do and how they do it.
“We believe these ESG goals, which our senior leaders have the ability -- and responsibility -- to influence, will help our business grow and thrive for years to come,”
@MiebachMichael
, CEO, Mastercard.
The blockchain ecosystem has a fraud problem, especially when it comes to stopping fraud in real time.
@Cube3AI
is building tools that prevent exactly those kinds of scams.
is one of seven new companies to join our Start Path Blockchain and Digital
If it isn’t inclusive, it doesn’t scale. If it doesn’t scale, it doesn’t matter.
Key takeaway here from my conversation with
@Diop_IFC
on future technologies and financial inclusion at the Global Inclusive Growth Summit in D.C.
#globaligs
Thank you,
@SecRaimondo
, for coming to the
@Mastercard
Tech Hub in Manhattan to discuss what U.S. small businesses need today and tomorrow to thrive. Was great to hear stories of perseverance from many local entrepreneurs. Excited to build on our work to support them!
There is a trust deficit in in the blockchain and crypto industry. We can rebuild that trust with stronger oversights, compliance and – very importantly – transparency.
Our new service called
@Mastercard
Crypto Credential is one more step to adding much-needed guardrails into
Today we appointed Craig Vosburg as chief product officer & named Linda Kirkpatrick to succeed him as president, North America, with both positions effective Jan. 1, 2021.
Read more about the appointments here:
There is an overwhelming need to respond to humanitarian crises. We only need to look at Morocco and Libya this week to see that.
It was a great honor to speak before the
@UN
Security Council today and talk about ways to engage the private sector in more emergency relief and
A lot of shipping/supply chain processes are paper-based – slow and cumbersome and haven’t changed in literally hundreds of years. Startup
@MillicentLabs
wants to use
#blockchain
/
#NFTs
to change that and open up bottlenecks.
The company was among about a dozen
#startups
,
We announced the first-ever Xbox credit card, working closely with Microsoft to build it from scratch by gamers for gamers.
Tailored rewards, integration with the Microsoft Store and – as an added touch – you can have your gamertag printed on the back of the card. Great way to
Thrilled to share the news of our plans to acquire Transfast. This means even better solutions for our banking and digital partners to enable easy xborder payments for individuals and businesses.
#mastercard
We opened
@Mastercard
Global Intelligence & Cyber Centre of Excellence in Vancouver. It will focus on cybersecurity and was established in partnership with the Canadian government. It joins our growing list of tech and innovation hubs all over the world
Energized by my fireside chat with
@SridharVembu
of
@Zoho
on CX, technology, longevity and the power of partnerships. I asked him who’s going to change the world...
#Smallbusinesses
.
Inspiring to hear from so many thought-provoking speakers this week at the Global Inclusive Growth Summit in D.C., co-hosted by
@CNTR4growth
,
@AspenInstitute
. Events like this spark conversation about critical issues – climate, gender equality, digital inclusion-- and drive
The days of waiting for money to process are rapidly coming to an end. Real-time payments are real! With the
@Mastercard
Send Partner Program companies like
@Stripe
@PayPal
@Adyen
will offer faster payments, giving people more control over their $!
Great afternoon talking about creativity, millennial... and Gen Z...
behavior, trust and innovation with our killer team at
#MastercardBrazil
.
Always motivating to spend time with fun, passionate colleagues.
Decades ago,
@IBM
pioneered the magnetic stripe that’s attached to billions of payment cards today. That one stripe unlocked faster and more secure commerce. It’s just one of many, many IBM’s inventions.
Excited to join IBM’s board of directors starting this fall. Today, the
We can build a more sustainable, inclusive future if we work together to make it happen.
Sharing here our latest sustainability and DEI reports, which show our efforts to date to fight climate change, drive down inequality and grow prosperity
Proud
@Mastercard
helped launch The Belle Block, a community that will empower more women and non-binary individuals in Web3/crypto. Communities that grow inclusion ensure we all win – more new ideas, more innovation
We’re proud to join the White House’s new Economic Opportunity Coalition. Together, we’ll keep driving down racial disparities across the U.S. economy:
The future of payments is all about choice. As I shared with the
@WSJ
last year, people want payment tech that's compatible and seamless, so they can buy and sell what they want, when they want. That’s true today, tomorrow, and a decade from now
Mastercard issues $600MM sustainability bond. Building on our pledge to achieve net zero emissions by 2050 & our commitment to bring 1 billion people + 50MM
#smallbusinesses
into the digital economy by 2025. More on how we're building an inclusive & sustainable digital economy👇
Attended a luncheon at the
@StateDept
, where I had the opportunity to interact with
@VP
@KamalaHarris
,
@SecBlinken
and several other distinguished people from different walks of life.
At the 30th annual
@RMHnewyork
Gala this past week.
The House is special to me and many others. It pushes for equitable health care and provides hope and support for pediatric cancer patients and their families.
India has written the playbook on building up a digital economy that’s scalable, intuitive and inclusive of everyone.
Thanks to
@EconomicTimes
for the interview during my recent visit.
#LeadStoryOnET
| The Indian govt has played a significant role in the development of the digital ecosystem, but there is a recognition that the private sector is crucial to ensure a strong structure for the platforms that have been created
Took this pic outside our partner
@SoFi
offices in SF. Always nice when traveling to have
@Mastercard
circles greet me. Great to see urban mobility programs (with easy payments!) like this to help people get around. We help process payments for 1k+ bike-sharing systems worldwide!
The world is becoming more digital – we're helping drive that change. Our teams are innovating in
#AI
to speed up transactions,
#blockchain
to invent new payment choices and
#cybersecurity
to protect consumers’ data. That’s fueling our company’s momentum and empowering millions
At the
#2018
Mastercard Product & Digital Forum in Beijing. Always fascinated how Chinese consumers are entirely comfortable to deal with most aspects of daily life digitally.
#mastercardemployee
Markets in Asia continue to reopen. We should look with optimism at what this trend will do for the global
#economy
,
#trade
and
#tourism
.
More in my recently interview with
@CNBC
here:
Mastercard is helping to make managing money simpler, smarter and more rewarding with
@Citi
as the network partner for the Citi Plex Account on
@GooglePay
. Learn about how our assets and capabilities are creating a fully digital experience.
Each quarter, we report on our performance. Yes, it starts with the numbers, but it's also much more. It's how 24,000 people come together to deliver on our strategy. It's action today for long-term performance and impact. Read more here from our CFO
Building products starts with empathy. Simple as that.
Don’t build something that’s looking for a problem to solve – it has to be the other way around.
As I shared with
@jill_bernstein
at last year’s
@FastCompany
Innovation Festival
India is charting uncharted territory. It's grown technology and innovation at an unprecedented scale and speed. There’s never been a better time to reach even higher – use our shared commitment to have huge impact, not just for the few but for the many!
Our newest AI innovation center just came to Dubai, joining AI hubs in US, Canada and India.
#AI
became huge news this year – we expect it to keep defining the future too. Our work with partners right at these centers helps us all prepare for that future.
Digital wallets, neobanks + superapps are giving people more choice in how they can pay for what they need. We expanded our partnership with
@Synctera
- a startup that helps fintechs use services like KYC, fraud prevention and payments- to power this trend
The typical way to prove you’re creditworthy for a home loan is with a credit score and credit history. But if you have a thin history or even no history, you may not get that loan.
We can use
#openbanking
and alternative data to solve this problem – empowering people to prove
There’s a lot more we can do to use
#blockchain
to aid financial
#inclusion
. We could increase transparency and lower costs for families sending money overseas.
It’s one more way we could use new technologies to solve real problems for people
We partnered on two new crypto products.
@Mastercard
worked with
@Gemini
to launch a crypto-rewards credit card & worked with
@Nexo
on the first ever crypto-backed card
Crypto🤝Mainstream
@cameron
@tyler
Visit to China this past week. The energy and dynamism in the country were incredible. Great discussions with government and business leaders. Was cool to pay like a local with the help of our new collaborations with Alipay and Tencent.
And excited to see our teams and their
Our payments tech give people more choice and access. Our services help businesses protect their data and plan ahead. Both powered our 2Q results, which showed positive momentum.
The 30,000 people at
@Mastercard
made this possible and reinforced the trust so many place on us.
Diwali is no one celebration. It’s a billion of them. As countless Indians joyously usher in the festivities with their very own
#YehMeriDiwali
celebrations, we hope that you're doing the same and that it's priceless.
Happy Diwali to you and yours, from the Mastercard family.
Had a great time speaking with
@yahoofinance
today about the importance of partnering with fintechs and our consumer-centric approach at Mastercard. Thanks for the opportunity!
Open banking is making people's financial information work harder for them. It’s helping people, especially those with limited credit histories, access loans + open financial accounts. Good story on
@Mastercard
’s work here from
@johnhadams
at
@amerbanker
: