Feb 24
According to a White House press release on the appointment.
“Ajay Banga currently serves as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, leading the company through a strategic, technological and cultural transformation. Over the course of his career, Ajay has become a global leader in technology, data, financial services and innovating for inclusion. He is Honorary Chairman of the International Chamber of Commerce, serving as Chairman from 2020-2022. He is also Chairman of Exor and Independent Director at Temasek. He became an advisor to General Atlantic’s climate-focused fund, BeyondNetZero, at its inception in 2021.
He previously served on the Boards of the American Red Cross, Kraft Foods and Dow Inc. Ajay has worked closely with Vice President Harris as the Co-Chair of the Partnership for Central America. He is a member of the Trilateral Commission, a founding trustee of the U.S.-India Strategic Partnership Forum, a former member of the National Committee on United States-China Relations, and Chairman Emeritus of the American India Foundation.”
Wood says that Banga is the perfect pick to usher in a new global financial system based on digital IDs and central bank digital currencies. He is a cybersecurity expert and former head of Mastercard.
It’s interesting that Banga comes from MasterCard, which is on the leading edge of climate change and the war against so-called fossil fuels. It has a new card available, voluntary for now, that measures users’ carbon footprints according to their purchases, travel habits, etc. When you’ve reached a certain monthly limit, your credit shuts down.
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