During a conference call with analysts, CEO Michael Miebach said that “the macroeconomic environment continues to perform well, and it is underpinned by healthy consumer spending as we’ve seen in today’s news. The labor market is strong with low unemployment and continued wage growth. Inflation has moderated, but to varying degrees across categories and countries, consumers remain engaged.
Affluent consumers have benefited from the wealth effect, while jiangsu mobile number database the mass segment remains supported by the labor market.”Tokenization MomentumMiebach said that during , the company tokenized billion transactions per month, a rate that is times higher than it was six years ago.“There are many use cases for tokens,” he said during the call. “Take, for example, the next click of our multi-option payment solutions.
We’re rolling out the Mastercard One credential, which allows consumers the flexibility and control to set their payment preferences in the banking app for each transaction if they so choose to beat credit, debit, prepaid or buy now, pay later — it’s all behind one credential, one token.”Commercial Payments OpportunityCommercial flows represent an trillion opportunity for Mastercard, given that only about trillion of that spend takes place on cards, Miebach said on the call.
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