The Industrialist's Dilemma Session 6: Charlie Scharf, Visa (published on Feb 23, 2016) - The payments industry is going through an unprecedented level of upheaval that is being driven by the migration to digital commerce. This transition is forcing payment companies to move from closed to open systems, which is completely different than how business used to be done, shared Visa CEO Charlie Scharf. "Everyone who is in the flow of [the payment] transaction should be scared to death... [Everyone] should sit back and ask, 'Can I be replaced?' And theoretically they can."
During his visit to The Industrialist's Dilemma class on February 18, 2016, Charlie discussed with Lecturers Robert Siegel and Aaron Levie how Visa is grappling with a changing global industry and how he is driving the organization through this huge transition. Read more takeaways from the talk on Twitter athttp://stanford.io/indusdilemma
The Industrialist's Dilemma course explores how digital disruptions are having tectonic shifts on large, successful and established companies, whether they have a digital foundation or not. Learn more: http://stanford.io/1TPZuyZ
Previous sessions:
Watch Session 1 with Stripe CEO Patrick Collison and Session 2 with Enjoy CEO Ron Johnson
Watch Session 3 with Nest CEO Tony Fadell
Watch Session 4 with 23andMe CEO Anne Wojcicki
Watch Session 5 with Kaiser Permanente CEO Bernard Tyson
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