Remove Economy Remove Financial Inclusion Remove Visa
article thumbnail

Paysend Launches ‘Paysend Libre’ in Mexico Powered by Mastercard Move Bringing Financial Inclusion to Millions

Fintech Finance

Paysend and Mastercard have partnered to launch Paysend Libre in Mexico in a move to drive financial inclusion in a region where the majority of the population is still underbanked or unbanked. The recipient can directly access the funds received on the virtual Paysend Mastercard and securely spend the funds in real time.

article thumbnail

Mastercard Leads New Central Bank Digital Currency Test Platform

PYMNTS

Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). The testing tool comes as the global economy embraces digital payments and central banks investigate how to support innovation while maintaining financial stability as they issue the currency. In a Wednesday (Sept.

article thumbnail

NOW Money Partners with Mastercard to Empower Customers with Enhanced Financial Access

Fintech Finance

NOW Money , one of the leading inclusive digital payroll and banking platform for migrant workers, today announced its new strategic partnership with Mastercard , a global technology company in the payments industry. Customers can handle payments, transfers, and other financial operations directly from their mobile phones.

Visa 95
article thumbnail

ADB, Mastercard to Bridge US$2.5 Trillion MSME Financing Gap in Asia

Fintech News

The Asian Development Bank (ADB) and the Mastercard Impact Fund have forged a new partnership to tackle the pressing financing challenges faced by MSMEs in Asia and the Pacific. Bhargav Dasgupta “MSMEs are the backbone of economies across Asia and the Pacific, yet many struggle to obtain adequate finance.

Visa 111
article thumbnail

Salaam Somali Bank and Mastercard Launch Innovative Digital-First Multi-Currency Prepaid Card

Fintech Finance

In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank , in collaboration with Mastercard , has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. Together, we are not just adapting to the future; we are defining it.”

article thumbnail

Mastercard And The Future Of Financial Inclusion

PYMNTS

There are only a few things that most people can agree on these days, notes Mastercard. One of them is that too many people in the world are denied access to banking and financial services of any kind. The second? Spoiler alert? Spoiler alert? They’re high. The High Cost of Cash.

article thumbnail

Mastercard Ghana Fintech Forum Advocates Cybersecurity and Contactless Payments to Drive Fintech Growth

Fintech Finance

Mastercard hosted the second annual Mastercard Ghana Fintech Forum in Accra, bringing together key stakeholders and thought leaders in the fintech industry to discuss critical developments and foster collaboration. added Folasade Femi-Lawal, Country Manager and Area Business Head for West Africa at Mastercard.