Nitin Sumangali
Analyst, Global Insights
Nitin Sumangali is an Analyst in the Global Insights group of MasterCard Worldwide. He is responsible for analyzing MasterCard and third-party research to support the development of market, consumer, and financial insights that can strengthen the performance of MasterCard and its customers worldwide. Mr. Sumangali is based in Purchase, N.Y. and can be reached at nitin_sumangali@mastercard.com.
Fight for your privacy, or lose it. These were the words Google Chairman Eric Schmidt used when I heard him speak at the Information Forum 2013, hosted by the Economist in San Francisco June 4. The forum was designed to bring together people from all different industries to discuss how new uses of data are
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The U.S. consumer is spending more, but remains cautious about what he’s spending on, focusing on “needs” rather than just “wants.” That’s the takeaway from MasterCard’s Sarah Quinlan in her June 10 appearance on Bloomberg. Quinlan notes that while MasterCard SpendingPulse indicates that May retail sales growth was 4.4 percent, the strongest since November of
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We may be entering a world where just a snapshot of your face gets you a free drink. That’s among the scenarios being presented in a May 19 60 Minutes story about facial recognition software. The growing prominence of this technology is expanding to include commercial applications—deals and offers. 60 Minutes shows a demonstration of
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The Insights team wrote recently about how Swedish banks are discovering that people are seeing less and less use for cash. A spate of new announcements from major consumer technology players are showing that it’s not just banks that are looking to move beyond cash. Google announced at its I/O Developer Conference on May 15th
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The cashless society may be closer than we thought. Sweden’s biggest banks—SEB AB , Swedbank AB and Nordea Bank AB —are stopping manual cash-handling services in 65 to 75 percent of their branches. More and more Swedes are using the web, phones and credit cards to make payments and the banks see less of a
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Recent MasterCard global research regarding people’s behavior online reveals a common principle: while people trade information about themselves in order to get some benefit, that trade-off must be made with a clear understanding of the benefit and the use of the information they trade. Reinforcing these findings is a New York Times story (subscription may
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To better understand the importance that cities play in global economic and consumer shifts, Global Insights is producing a series of infographics that look at emerging trends in cities around the world. Here is the first issue about the future power of cities:
