This interview podcast features Nicolai Tangen, CEO of the Norwegian Someone Wealth Fund, interviewing Michael Miebach, CEO of Mastercard. The conversation centers on the future of the payments industry, covering key trends like digitalization, biometric authentication, the role of digital currencies (including cryptocurrencies), and competition from fintech companies and big tech. Miebach predicts a future with less reliance on physical cards, emphasizing Mastercard's role in facilitating transactions regardless of the payment method. He also discusses Mastercard's strategies for navigating these changes, including acquisitions in cybersecurity and commercial payments, and its commitment to financial inclusion through initiatives like the Mastercard Foundation and Impact Fund. A specific example provided is Mastercard's collaboration with Apple on tokenized transactions, reaching 1 billion monthly transactions.
