Person
1 episodes · 18 quoted claims
Mastercard processes payments across about 220 countries and territories.
“we facilitate payments all around the world, so that that provides a really interesting data set, um, across all sectors, across all countries, 220 countries and territories.”
Michael Miebach said Mastercard's network handled about 160 billion transactions in the prior year.
“Uh, last year, we were about 160 billion transactions through our network, so it does provide quite a unique view.”
Mastercard saw 3.9% year-over-year growth in spending over the 2025 holiday season.
“the uh past holiday season, 3.9% was the year over year growth.”
Apparel sales grew 7.8% in the 2025 holiday season, according to Mastercard data.
“So apparel sales had a real moment, so 7.8% growth in apparel, um, really a stick out kind of category.”
Michael Miebach said about half of the 3.9% holiday growth came from price increases.
“you were to say, is that inflation? No, it's about half is price increases, so pretty tame.”
Mastercard rearchitected its network about five years before this interview.
“we five years ago, we rearchitected Mastercard's network.”
Michael Miebach said contactless payment took about ten years to reach its current level of adoption.
“It took ten years for, uh, contactless to get what it is today.”
About two thirds of transactions on Mastercard's global network are contactless.
“about two thirds of global transactions on our network are now contactless.”
Tokenization replaces card data with a one-time code usable only for a single transaction, as described by Michael Miebach.
“So you take your card data and you turn it into a one-time code that can only be used for that transaction.”
Mastercard committed that every transaction will be tokenized by 2030, starting in Europe.
“we made a commitment that, uh, starting with Europe, that by twenty thirty, every transaction will be tokenized.”
Mastercard acquired the threat intelligence company Recorded Future in December 2024.
“through, um, a company that we've acquired in December 2024, Recorded Future, we scan the world out there”
Michael Miebach said Mastercard invested roughly $11 billion in safety and security over six years.
“we've invested, I think, over the last, uh, six years, like $11 billion into our safety and security.”
Michael Miebach cited predictions of about $15 trillion in fraud by 2030.
“There's predictions that when you look up to twenty thirty that, you know, it's about 15 trillion of fraud out there by twenty thirty.”
Mastercard Threat Intelligence took down 9,500 fake merchant sites in its first six months of market testing.
“In the first six months of market testing, we have taken down 9,500 fake merchant sites.”
Michael Miebach said Mastercard Threat Intelligence saved $150 million in fraud during early testing.
“We saved $150 million in fraud.”
Michael Miebach said Mastercard applies about 19 million rules to clean its data before extracting insights.
“We have like 19 million rules that we apply to sanitize our data and then start to extract insights from that.”
Michael Miebach said Mastercard Agent Pay addresses verifying that an AI agent is the accredited agent it claims to be.
“And that's problem number one to be solved, which we have solved, is Mastercard agent pay.”
Michael Miebach said financial services in Africa are mostly delivered through phone companies, which are Mastercard partners.
“In Africa, most of, uh, financial services are driven through, uh, the phone companies and they those are our partners.”