MASTERCARD
MASTERCARD EMPOWERS BLACK AND ETHNIC MINORITY-OWNED FINTECH
Mastercard has been focused on digitisation for many years , but , as Abrahams says , innovation is not a “ one and done ” affair , and as new technologies emerge , Mastercard is working to make the everexpanding universe of digital transactions safe , smart , and accessible . “ Our consumers need to pay when they want , how they want , to whom they want , and how much they want . We need to have the customer journey in mind , and we need to make sure they are safe throughout the transaction . Payments are a very sensitive part of life - people might take them for granted , but our money must always be protected .”
One of Mastercard Accelerate ’ s initiatives focused on inclusion , Start Path , is jump-starting Black and ethnic minority-owned fintechs around the world . Part of the company ’ s
In Solidarity pledge , this programme strives to not only boost Black founders / CEO , but also help create new networks and elevate Black talent on the world stage . Michael Froman , Vice Chairman and President of Strategic Growth ,
recently told us : “ Driving financial inclusion is not new to Mastercard ; we ’ ve long realised that the only sustainable economy is an inclusive economy and we ’ ve been delivering programmes and partnerships over the last decade that have brought more than 500 million unbanked people around the world into the financial system .”