Finance
Consumers are being ‘nimble and choiceful,’ Mastercard exec. says
Yahoo Finance’s Brad Smith caught up with Mastercard (MA) President of Americas Linda Kirkpatrick to chat about the current state and dynamic of consumers in terms of how they’re paying for goods as the world continues to get more digital.
Kirkpatrick describes the consumer as being more “nimble and choiceful” about their spending, but they are continuing to spend on experiences.
“Consumers are leveraging multiple new ways to pay. If you look at our data, 70% of card-present transactions around the globe are now done through contactless means tapping a card or tapping a phone at a turnstile,” says Kirkpatrick, who adds that “consumers are getting much more comfortable with transacting through digital means.” Kirkpatrick would later say that “we’re laser-focused on creating an environment that’s safer and more seamless for consumers.”
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