Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Title and Summary
Vice President, Franchise Innovation
About the Opportunity:
MasterCard operates the world’s fastest payment processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Every day, everywhere, we use our technology and expertise to make payments safe, simple and smart. We know safety and security are the top priorities of our customers, cardholders and partners, so we won’t stand still in developing new and better ways to keep payments safe.
About the Role:
The Franchise Innovation team is passionate about doing well by doing good.
Our mission is to enhance and evolve our existing Franchise offerings - and to create the new business models and technology for our growing business in both new payments and data.
This role is part of specialized team focusing on innovative solutions to support Mastercard’s customers within the diverse Asia Pacific region enabling our business to expand into new opportunities where Franchise-enabled solutions can be leveraged to drive scale, enable interoperability, create compelling world class experiences for end users and deliver differentiating value to our customers.
This position has a dual reporting line into the SVP, Franchise AP regional lead and the SVP, Franchise Innovation vertical lead.
Accountabilities:
• Create and deliver on corporate strategies that drive innovative solutions for new business initiatives and product flows such as push-based account payments, digital assets (crypto, central bank digital currencies, identity solutions, open banking.
• Provide franchise thought leadership with regards to enabling new growth opportunities and improve pace of internal decision making for new rules developments
• Develop new concepts that support expanding the franchise and creating additional value for Mastercard and its customers, while at the same time ensuring the integrity of our assets
• Stay ahead of business trends related to new market and business opportunities; understand/communicate potential impact on licenses, rules, compliance and systems
• Provide direction for new products and new customer types to transform the payment ecosystem, based on nuanced regional/country landscapes advancement of industry rules and standards.
• Leverage input from internal stakeholders to enhance and align existing and new requirements on standards as well as Mastercard assets to enable Franchise growth
• Ensure new products/platforms will protect the brand integrity while driving new business and/or protecting existing business.
• Execute on the team goals to achieve Franchise priorities in tandem with regional business objectives;
Requirements:
• Extensive knowledge of our payments business and experience in account-based payments, crypto or open banking
• Attention to detail, strong business acumen and solutions-orientation are critical, as is an ability to demonstrate thought leadership
• Technical and/or product development experience
• Strong analytical, problem solving, agility and creative thinking skills
• Strong interpersonal skills with demonstrated cross functional/cross regional collaboration and teamwork
• Solutions oriented / results driven capabilities
• Ability to interact effectively with internal and external business partners
• Excellent communication skills, both verbal and written – ability to build compelling presentations
• Periodic travel required
• Bachelor’s Degree
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:
Abide by Mastercard’s security policies and practices;
Ensure the confidentiality and integrity of the information being accessed;
Report any suspected information security violation or breach, and
Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.