Mastercard’s Digital ID and Open Banking Push: Driving Growth and Empowering Global Payments

Mastercard is dedicated to expanding its network presence to drive growth in new markets and take advantage of its expertise in managing global payment systems to benefit customers. Michael emphasizes the company’s efforts to integrate digital identification and open banking into core payments and services, providing added value.

Digital ID has become an essential tool for accessing government services, voting, and online shopping in many countries. Mastercard’s open banking assets connect to a vast number of deposit accounts in the US and thousands of banks in Europe, allowing for seamless data sharing with partners like Verizon and Worldpay.

Moving forward, Mastercard is 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 remains focused on delivering the high-quality payment services that its stakeholders rely on every day.