Mastercard CEO: Pandemic Is Pushing Adoption of Digital Tech
Ajay Banga on the lasting impacts of the coronavirus.
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Show Notes
On the newest episode of Leadership Next, Alan Murray is joined by the CEO of Mastercard, Ajay Banga. The two discuss how the global pandemic has impacted Mastercard’s business – surprisingly, it’s not all bad news.
Talk then turns to economic recovery – what it may look like, and when it’s coming. Banga believes the crisis will likely speed the adoption of digital technologies. And while this can be a great equalizer, it can also deepen divisions. Banga has a passion for financial inclusion – under his leadership, Mastercard has launched roughly 1500 products designed to promote financial inclusion. Those projects have touched some 500 million people in 80 different countries. This drive for inclusion carries through the current situation too. Banga explains that a focus on inclusion has led him to commit to no layoffs at Mastercard right now, and to contribute $250 million to aid struggling small businesses.
Also in this episode: Fortune's Ellen McGirt asks Kate Moore - Head of Thematic Strategy at BlackRock - which industries are best positioned for an economic rebound.