BW Talks
Mastercard Sees Crypto and Data Among Ways to Move Beyond Plastic
CFO Sachin Mehra says innovations bring opportunities, and the company needs to “fail fast.”
Mastercard’s headquarters in Purchase, N.Y.
Photographer: Tiffany Hagler-Geard/BloombergThis article is for subscribers only.
Mastercard Inc.’s chief financial officer Sachin Mehra is helping the payments processor diversify its products while expanding its reach in areas such as e-commerce and crypto transactions.
Credit and debit card use has exploded. Is there a lot of growth ahead?
There still remains a very sizable consumer-payments opportunity, which we stand very well-poised to capitalize on. This is the trend of the shift from cash to electronic forms of payment. If you think about it globally, there’s still a ton of cash which remains to be electronified.