#MichaelMiebach #Mastercard #DigitalPayments #DigitalLending #Payments #SFF #SingaporeFintechFestival #Singapore
Michael Miebach, CEO designate at Mastercard delivered a powerful message in his usual precise manner. The pandemic has thrown up Ubiquity i.e., how everyone has been affected and the impact that that has had on payments. As he said, “My 70 year old mother now shops online. Unbelievable”. And it’s thrown up Inequity – some sectors have been more impacted than others. SMEs, the backbone of the economy, have been significantly impacted. Antiquity – this refers to how the pandemic has changed behaviour significantly. There is something in those changes which will sustain and make old ways to pay antiquated . “Yesterday’s innovation agenda got us through today.”
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