Imagine that you’re a business owner whose day-to-day running of the business depends on depositing and pulling out funds on a regular basis. But because you are located fifty miles away from the nearest bank, you spend a considerable part of your life traveling for miles just to do a simple transaction. Not only is …
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It was 2015 and I had just moved back to Nigeria from New York after years working as a travel writer. Surprisingly, life in Nigeria wasn’t as different as I imagined – thanks to the internet. For the first month I was able to stream music and movies from global companies, ride share and shop …
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Washington, D.C., April 26, 2018 – Mastercard and IFC, a member of the World Bank Group, today bolstered their partnership to drive financial inclusion, updating a $250 million global risk-sharing facility to expand access to electronic payments in emerging markets. Electronic payments help underserved people and small businesses more fully participate in the formal economy. …
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New Fund Will Help People, Businesses Prosper in the Digital Economy PURCHASE, N.Y. – April 10, 2018 – Mastercard today reported its initial $100 million contribution to the Center for Inclusive Growth Fund, part of a $500 million commitment to support initiatives that focus on long-term economic growth for everyone. The company first announced these …
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It’s not every day that a CEO and CFO talk about investing millions of dollars into a part of the business that doesn’t generate direct profits. But that’s exactly what we did when we took advantage of the recent U.S. tax reform to make a focused investment – half a billion dollars – into our …
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