Mastercard Delivering on “Doing Well by Doing Good”

Mastercard has released its 2019 Sustainability Report outlining its progress towards building a more inclusive and sustainable digital economy. The report charts impact and progress against four areas: Inclusive Growth; Our People and Culture; Environmental Stewardship; and Ethical and Responsible Standards. The report details how we are bringing our purpose statement – Connecting Everyone to Priceless Possibilities – to life and building toward a world where people can reach their full potential, economic growth is inclusive, and the planet thrives. The report also outlines Mastercard’s support for employees, customers and communities in…

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Mastercard Pledges $500 million to Help Close Racial Wealth and Opportunity Gap for Black Communities Across America

Furthering longstanding financial inclusion efforts to bring more people and small businesses into the digital economy, the company will bring equitable financial tools, investment and partnerships to cities across the U.S. In its sustained efforts to build a more inclusive global digital economy, Mastercard is investing $500 million in Black communities over the next five years. This commitment includes products, services, technology and financial support, as well as concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital.  “This is a time for action.…

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Mastercard Builds on COVID-19 Response with New Commitments

The health and economic consequences of COVID-19 have highlighted the critical need to support vulnerable populations, many of whom are disproportionately impacted. In this time of global crisis, Mastercard has expanded its worldwide commitment to financial inclusion, pledging to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025. As part of this effort, there will be a direct focus on providing 25 million women entrepreneurs with solutions that can help them grow their businesses. The extended commitment builds on…

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Bill & Melinda Gates Foundation, Wellcome and Mastercard Launch Initiative to Speed Development and Access to Therapies for COVID-19

The Bill & Melinda Gates Foundation, Wellcome and Mastercard have committed up to $125 million in seed funding to speed-up the response to the COVID-19 epidemic by identifying, assessing, developing, and scaling-up treatments. The partners are committed to equitable access, including making products available and affordable in low-resource settings. The COVID-19 Therapeutics Accelerator will play a catalytic role by accelerating and evaluating new and repurposed drugs and biologics to treat patients with COVID-19 in the immediate term, and other viral pathogens in the longer-term. Currently there are no broad-spectrum antivirals…

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Mastercard and Rockefeller Announce Data.org: A Platform for Data Science Partnerships

The Mastercard Center for Inclusive Growth and The Rockefeller Foundation today announced data.org as a platform for partnerships that will continue to build the field of data science for social impact. This is the next chapter of a $50 million commitment Mastercard and the Rockefeller Foundation made last year to launch a transformational model for philanthropy.  As part of today’s announcement, data.org launched a new $10 million impact challenge to crowdsource scalable and sustainable data science solutions for non-profit, civic and government organizations.  With the data.org domain name, The Rockefeller Foundation and the Mastercard Center for Inclusive Growth…

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