From July 10-14 this year in Singapore, Mastercard participated as the patron sponsor for the World Cities Summit 2016, an exclusive platform for government leaders and industry experts to address livable and sustainable city challenges, share integrated urban solutions and forge new partnerships.
Alongside with business leaders, government officials, developmental organizations, non-profits, and the media, Mastercard executives discussed the role of innovations and payments in building the cities of the future – making cities smart and making smarter cities. Carlos Menendez, President of Enterprise Partnerships, International Markets, spoke on the panel ‘Smart Cities: An Equal Partnership Between Public and Private Sectors’, sharing insights on how governments and businesses can work together to build connected cities of the future with a focus on the role payments can play in smart city development.
As part of Mastercard’s participation at the Summit, Mastercard announced a collaboration with the Singapore Economic Development Board to help companies in Singapore build innovative technology solutions in the areas of urban mobility, tourism and trade. Mastercard also announced a partnership with 100 Resilient Cities (100RC) to use its technology and expertise in digital payments to advise member cities across a range of projects.
At the Summit, Sarah Quinlan, Senior Vice President of MasterCard Advisors, hosted a breakfast session where she discussed innovative ways to apply learnings from big data, with a particular focus on attracting travel and tourism spend. Mastercard also hosted delegates and guests at the Connected Cities Showcase, where the latest innovations and technology from Mastercard were displayed, including an appearance by the humanoid robot Pepper.
The World Cities Summit 2016 allowed Mastercard to continue to demonstrate the value of payments in building the connected cities of the future, take a look back at the journey through the eyes of a special guest here.