Mastercard: Fueling Digital Economies & Tech Innovations

Lastly, Mastercard is continuing its efforts to embrace new networks, as it looks to grow in adjacent spaces and leverage its expertise in managing global payments networks to create value for customers. 

“Our work to develop new ways to integrate digital identification and open banking to integrate both technologies into our core payments and services is an example of this effort,” continues Michael.

“For instance, digital ID has quickly become a vital way for people in many countries to access government services, vote and shop online. 

“Our open banking assets provide connectivity to more than 95% of deposit accounts in the US and approximately 3,000 banks across Europe. 

“Those connections allow consumers to seamlessly share data between trusted parties and improve the bill pay experience for customers of Verizon and Worldpay.”

As it looks ahead to 2024, Mastercard aims to continue its efforts to build a smarter, safer, more inclusive digital future, delivering the payments services its customers come to expect on a daily basis. 

“That is the expectation you – our customers, partners, account holders and shareholders – have for us,” concludes Michael. “It is a responsibility we are focused on every day.”