Mastercard white paper found that cash prevalence can have a high economic cost purely by virtue of its existence – not less than 3.2% of global GDP Dubai, UAE, 19 May 2020 – Countries that prioritize digitized payment economies are better placed to mitigate the associated adverse impact of unemployment, financial exclusion, fraud, theft, cost …
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First-of-its kind initiative supports Tanzanian government’s aim to increase digitization Dar es Salaam, Tanzania – 04 May 2020: Mastercard has partnered with transportation solutions provider EYWA and leading financial institution NMB Bank to launch the EYWA Transit Solution in Tanzania. Consisting of a mobile App and a Transit Card, this first-of-its-kind mass transportation solution in …
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In a Mastercard global consumer study, 75 percent of South African consumers say they use contactless payments 88 percent of South African respondents view contactless as a cleaner way to pay, with 71 percent preferring to shop at merchants where contactless is accepted In South Africa, the number of contactless transactions grew 13X in March …
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  Karachi, Pakistan, 13 April 2020 – Mastercard has signed an agreement with Askari Bank Pakistan for a multifaceted partnership to enhance customer experience and launch new products for a growing number of the Bank’s customers. The agreement is part of Mastercard and the Bank’s commitment to bring innovative payment solutions to more people across …
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Cairo, Egypt – Jan. 15, 2020 – Mastercard announced a global effort to pay garment factory workers digitally, a pivot from traditional cash payroll, to ensure they receive their hard-earned wages securely and consistently. With industry partners including Levi Strauss & Co., Marks & Spencer and Vanity Fair Corp., and in conjunction with global nonprofit …
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