Mastercard CEO: Innovation, Cybersecurity and the Future of Payments
In Good Company with Nicolai Tangen
Norges Bank Investment Management
4.8 • 186 Ratings
🗓️ 15 January 2025
⏱️ 49 minutes
🧾️ Download transcript
Summary
In this episode of In Good Company, Nicolai Tangen talks with Michael Miebach, CEO of Mastercard. Together, they explore the future of payments, from biometrics to digital currencies, and discuss how Mastercard is driving innovation and addressing challenges in the global payments landscape. Michael also provides insights into leadership, Mastercard’s culture, and its commitment to financial inclusion. Tune in!
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New full episodes every Wednesday, and don't miss our Highlight episodes every Friday.
The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen, Sebastian Langvik-Hansen and Pål Huuse. Background research was conducted by Sara Arnesen.
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Transcript
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| 0:00.0 | Hi everyone, I'm Nicola Tangan, the CEO of the Norwegian Soan Wealth Fund, and today I'm thrilled to be joined by Michael Mierbach, the CEO of MasterCard. |
| 0:09.2 | Now, MasterCard is one of the largest technology companies in the global payment space. |
| 0:13.6 | And last year, I think you processed more than 140 billion transactions, totaling more than $9 trillion in payments volume. |
| 0:22.4 | Wow. |
| 0:23.3 | We own 1.3% of the company totaling more than $6 billion. |
| 0:28.3 | So it's a pleasure to have you here. |
| 0:29.5 | And I believe this is your first ever podcast. |
| 0:31.4 | It is the first ever broadcast and it was 150 billion transactions. |
| 0:36.1 | Wow. |
| 0:36.7 | So even more. |
| 0:38.6 | Even more. |
| 0:52.4 | Right. |
| 0:53.0 | So, Michael, how do you see the whole payment space developing over the next decade? |
| 0:54.4 | Right. So the powerful trends at work in payment. |
| 0:58.9 | The first one to talk about is, you know, as our lives are digitizing, |
| 1:02.2 | is payments are becoming more digital. |
| 1:03.7 | There's still a lot of payments that happen in cash. |
| 1:06.7 | You look at developing economies, take Africa, Asia, and so forth. |
| 1:12.4 | And you won't believe it. |
| 1:13.9 | There's also a lot of checks around. |
| 1:15.5 | When I moved to the United States, you find a lot of checks. |
| 1:18.5 | That's still also part of the reality. |
... |
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