Mastercard Embraces New Technologies and Open Banking for Global Expansion and Growth
Mastercard is dedicated to expanding its reach and driving growth by embracing new networks and utilizing its expertise in managing global payment systems. According to Michael, the company’s efforts to integrate digital identification and open banking into core payments and services provide enhanced value to customers.
In many countries, digital ID has become essential for accessing government services, voting, and online shopping. Mastercard’s open banking assets connect to a vast number of deposit accounts in the US and thousands of banks in Europe, facilitating seamless data sharing for improved customer experiences with partners like Verizon and Worldpay.
Moving forward into 2024, Mastercard remains committed to building a smarter, safer, and more inclusive digital future that meets the evolving expectations of its customers, partners, account holders, and shareholders. The company continues to deliver the high-quality payment services that its stakeholders rely on every day.
