Keep pulling the thread on Michael Miebach.
Mastercard processed 150 billion transactions last year, totaling more than $9 trillion in payments volume.
Michael Miebach predicts that within 10 years, biometric authentication using modalities like face, palm, or eye scans will largely replace passwords for payments.
Mastercard processes one billion tokenized transactions per month.
Michael Miebach acknowledges that large tech companies like Apple represent a potential long-term competitive threat because they could build their own payment networks.
Mastercard has announced a goal to eliminate all passwords and one-time passwords from its network by 2030, moving entirely to biometric authentication.
Mastercard invested $200 million in MTN, Africa's largest mobile provider, to help spin off and scale its mobile-based financial services business.
Mastercard has announced a planned acquisition of threat intelligence company Recorded Future, pending regulatory approval.
Mastercard's revenue is composed of approximately 60% from core payments and 40% from payment-related services such as cybersecurity.
Mastercard has invested $8 billion in cybersecurity capabilities over the last five years.
Mastercard is using generative AI to predict the next likely fraudulent transaction before it occurs, moving beyond real-time fraud scoring.
Mastercard has a corporate goal to bring 1 billion people into the digital economy, a commitment that was renewed in 2020.
The Norwegian Sovereign Wealth Fund owns 1.3% of Mastercard, a stake valued at more than $6 billion.