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Mastercard President and CEO Ajay Banga

Published Date May 07, 2019
Bloomberg: Mastercard CEO Says It’s Not the Company’s Place to Limit Gun Sales

Mastercard Inc. Chief Executive Officer Ajay Banga said it’s not his company’s place to put limits on firearm sales. In fact, it doesn’t even have the information it needs to stop such purchases.

“I actually don’t know whether you’re buying a gun or a diaper in a store,” Banga said at an Economic Club of New York event on Tuesday, adding that Mastercard doesn’t receive information on individual items purchased at a retailer. It would be difficult for Mastercard “to turn off the acceptance of payments at a Walmart that sells bullets and diapers. I don’t know how to do it -- I actually don’t know how to do it.”

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By Verfied Strategy
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