Why Mastercard CEO Michael Miebach believes the future of payments is in the hands of consumers

Quick Summary:

They also want safety," Miebach told Fortune.

Michael Miebach: Everybody needs payments, but everybody needs payments in a very different fashion and form.Take Africa.

A lot of banks arm up, and they're putting the latest technology to work, but they just see their own bank and their own country.Miebach: ...money mule, money laundering, fraudsters that do bad things to finance illicit use cases and so forth.

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Article Details

Category: EconomyBusiness

Markets: United States

Topics: Payments Mastercard Leadership Next Chief executive officer (CEO) Always Free

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 15:46:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 8041 words

Reading Time: 45 minutes read

Sentences: 4 lines

Sentence Length: 2011 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28715580

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 33 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 12 hours ago

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Publisher ID: #95

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