Mastercard executive: Economic digitization fuels success By Michael R. Malone 02-17-2021 Ajay Banga said that the company’s growth and prosperity has been driven by a social compact that emphasizes “doing well by doing good.” The head of Mastercard told a virtual audience this week that his company’s success for the past decade is because of “a healthy dose of good luck,” the global shift toward a cashless society, and a workplace culture that promotes financial inclusion as a social compact. The digitalization of the world economy has been like “wind in our sails,” fueling the company’s successful strategy to diversify its businesses and client base, said Ajay Banga, speaking in a Feb. 16 event hosted by the University of Miami Patti and Allan Herbert Business School.