Small business, in a real sense, is big business — it has been the engine for the global economy and has the potential to power our recovery and growth. On the latest episode of “What’s Next In,” James Anderson, executive vice president, Global Commercial Products for Mastercard, tells us how the company is helping small businesses embrace digitization and harness the power of data insights.

Small businesses provide a lot of the diversity and variety in any capitalist society, Anderson says, and there is an interesting alignment between what Mastercard is doing for small businesses and the way governments think about them.

In this episode, Anderson and Baker chatted about the accelerated adoption of contactless payments, particularly in the United States; Anderson’s propensity to collect unreliable British sportscars and the renowned cricket player with whom he shares the same moniker. “I am English but I actually don’t follow cricket. From what I hear, he’s pretty good...”