Ann Cairns, MasterCard president of international markets is at SIBOS, the premier financial services conference, where for the very first time the important topic of financial inclusion took center stage. Watch the video interview with The Banker to hear Ann discuss MasterCard’s view, and how enabling financial inclusion for the 2.5 billion people who currently do not have access will take an ecosystem – including governments, NGOs, and the private sector.
During the conference MasterCard made two announcements to underscore the message and importance of working together:
- With a $1.5 million grant, MasterCard joined the Better Than Cash Alliance. This commitment comes at the one-year anniversary mark for the Better Than Cash Alliance, which works with governments, the development community and the private sector to digitize their cash payments to people in emerging economies. View the full press release.
- In support of small business growth in developing countries, MasterCard announced a global partnership with the Entrepreneurial Finance Lab (EFL). The partnership provides international issuers in developing markets with new tools to help improve credit underwriting for unbanked small businesses, thereby unlocking entrepreneurial potential and driving economic growth around the globe. View the full press release or view MasterCard Morning Brew for more:
Additional information about MasterCard at SIBOS including video, images and blog posts can be found in our digital press kit.