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 are some methods MasterCard is using to reach unbanked individuals?

What financial support has MasterCard committed to small and medium-sized businesses?