Mastercard Inc CEO Ajay Banga on Q4 2018 results — Seeking Alpha — “We’ve received commitments from issuers representing approximately two thirds of our total US consumer volume to issue contactless cards within the next two years. This includes Citi, Capital One, KeyBanc, Santander, HSBC and others. We’re also working with leading processors like FIS to bring contactless to smaller issuers and to credit unions.”
My competition is with cash: Ajay Banga — LiveMint — “Eighty-five percent of the world’s retail payments — person to merchant — are in cash… So who do I view as my competition? Cash. I don’t view another network, I don’t view Paytm, I don’t view Apple as competition. We are actually working with all of them. They all need our technology.”
MasterCard is to incorporate tokenization technology into its MasterPass digital wallet in the near future, CEO Ajay Banga has told analysts during the payment network’s 2014 year end earnings call... More
MasterCard CEO Ajay Banga has suggested that NFC should be seen as a longer term effort, while acknowledging that some markets have adopted NFC much faster than others... More
“We want to build a comprehensive ecosystem around mobile payment, helping Telekom to realise its strategy of being the first choice for customers regarding connected life and work,” says the T-Mobile operator as it signs a partnership deal with MasterCard and outlines four “strategic pillars” for its move into financial services. More
“Relationships with all four payment networks means that with Isis-enabled phones and payment terminals in place, merchants and consumers will have ubiquity and freedom of choice when it comes to payment network acceptance,” says the company. More