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Mastercard CEO: Pandemic Is Pushing Adoption of Digital Tech

Mastercard CEO: Pandemic Is Pushing Adoption of Digital Tech

FromLeadership Next


Mastercard CEO: Pandemic Is Pushing Adoption of Digital Tech

FromLeadership Next

ratings:
Length:
30 minutes
Released:
May 12, 2020
Format:
Podcast episode

Description

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.
Released:
May 12, 2020
Format:
Podcast episode

Titles in the series (100)

Something big is happening in the world of business. CEOs increasingly say their jobs have become less about giving orders, more about inspiring, motivating, setting a north star. They are taking the lead on big issues like climate change, worker retraining, and diversity and inclusion. They are under pressure from employees, customers and investors not just to turn a profit, but to prove they are doing good in the world. And in the process, they are fundamentally redefining the relationship between business and society. Join Fortune CEO Alan Murray and Senior Editor Ellen McGirt as they probe the best of these leaders for insight into what they're doing, why they're doing it, and what impact it is having.