Mastercard Seeing Big Rise in Contactless Payments, Vice Chair Says

MasterCard has achieved its goal of bringing 500 million people into the financial system and aims to reach 1 billion by 2025. The company focuses on financial inclusion, especially for women and small businesses. Despite global financial exclusion, MasterCard collaborates with governments and fintechs to integrate unbanked populations. The pandemic has shifted consumer behavior towards essential purchases and contactless payments, impacting small businesses. MasterCard commits $250 million to support small businesses in digitizing and securing transactions.

What is MasterCard's new goal for financial inclusion by 2025?

• To include 500 million people

• To include 1 billion people

• To include 1.5 billion people

• To include 750 million people

What percentage of women lag behind men in terms of financial inclusion?

• 9%

• 5%

• 12%

• 15%

How many people in the US are estimated to have no formal relationship with the financial system?

• 50-60 million

• 70-80 million

• 30-40 million

• 10-20 million

What is one of the methods MasterCard uses to bring people into the financial system?

• Through traditional banks

• Through government disbursement programs

• Through barter systems

• Through cryptocurrency

What is the growth percentage of contactless payments worldwide?

• 20%

• 30%

• 40%

• 50%