MasterCard’s Michael Miebach on the Future of Payments—and Why Plastic Is On Its Way Out

What does the future of money look like when plastic disappears—and payments happen seamlessly in the background?   In this episode of Leadership Next, Mastercard CEO Michael Miebach joins hosts Diane Brady and Kristin Stoller to explore how technology is reshaping the way we spend, save, and connect. With 150 billion transactions processed each year, Mastercard is positioning itself as a key player in the digital economy—far beyond credit cards.  Miebach discusses the company’s push to eliminate manual account entry by 2030, innovations in fraud prevention, and why tokenization is central to building trust in a cashless world. He also reflects on his own path—from a German exchange student in Michigan to the helm of a global financial powerhouse—and Mastercard’s mission to expand financial inclusion, particularly across Africa. From post-COVID spending habits to the end of card numbers, this conversation reveals why payments are more than just transactions—they’re infrastructure for a connected world.