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Beyond the Transaction: Every Transaction Has a Story

Making a Difference and Making History: MasterCard’s Financial Inclusion Story Reaches U.S. State Department

How can the public sector understand the private sector better? This question was recently posed to me when I spoke on a panel discussion The Future Business Model of Aid, in Washington D.C. The Office of U.S. Foreign Assistance Resources (F) turned 10 and hosted an event on foreign assistance to celebrate. It was an honor that MasterCard was chosen as the first company to participate in an event like this.

Heather Higginbottom – Deputy Secretary of State for Management and Resources – hosted the panel which I was privileged to serve on along with Michael Klosson (Vice President of Policy and Humanitarian response at Save the Children and former Ambassador in Cyprus), Nancy Lindborg (President of United States Institute of Peace), and Alex Their (Triple Helix and former US government official).

At the event, I was able to discuss the future of aid and how we must all collaborate in order to accomplish our diplomacy and development goals. I emphasized MasterCard’s collaborative and inclusive approach to humanitarian services, our commitment to Doing Well and Doing Good, and our focus on creating a sustainable business model that brings payments innovation, security and efficiencies to organizations like USAID and Save the Children.

So how can the public sector understand the private sector better? As an engineer by trade, I naturally like equations. For me, the answer to this question is: dialogue + trust = understanding. And the more we understand, the more progress we can make together.

There is no substitute for innovation, technology and partnerships to drive financial inclusion efforts forward. It’s through public-private dialogue and partnerships that we have the greatest potential to create the economic and social change that’s needed to make a sustainable difference in more people’s lives around the world.

Are you ready to help make a difference and make history?