Mastercard and the United States Agency for International Development (USAID) have collaborated under Women’s Global Development and Prosperity Initiative (W-GDP) to launch ‘Project Kirana’ in India, to help women entrepreneurs grow and thrive.
Payments giant Mastercard announced the launch of a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDCs) use cases.
SBM BankIndia (promoted by Government of Mauritius) and Mastercard have tied hands to facilitate cross-border payments and transmittals services by using ‘Mastercard Send’.
Mastercard Send is a secured and innovative solution – crafted to improve domestic and cross-border payments and transmittals.
Airtel Payments Bank has tied-up withMastercard to generate customized financial products for Indian farmers and Small and Medium Enterprises (SMEs). These financial products mainly for those territories where there is less access to bank administrations.
Mastercard Chief Executive Officer Ajay Banga will be resigning at the start of the next year and will be taken over by Chief Product Officer Michael Miebach.