Tag: Mastercard

Mastercard expands the Priceless Planet Coalition’s forest restoration effort

Stuart Mitchell

Mastercard is expanding the reforestation work of the Priceless Planet Coalition to include 15 new restoration projects, for a total of 18 globally. These projects will help accelerate progress toward the Coalition’s goal of restoring 100 million trees. Consumer desire to support initiatives that drive positive change for the environment is growing around the world; according to the Mastercard Economics Institute, consumer donations to environmentally focused charities grew 48.4% globally in 2022 when compared to pre-pandemic 2019 levels, overall outpacing donation growth to other organizations. The project portfolio of the…

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CORE and Mastercard Partner to Provide Cash Assistance Program for Ukrainian Refugees

Stuart Mitchell

Crisis response nonprofit CORE (Community Organized Relief Effort) has launched a Ukraine Humanitarian Crisis Cash Assistance Program in partnership with Mastercard, EML, the Stichting Giustra International Foundation, Tommy Humphreys and the Parker Foundation. The program will provide digital cash assistance directly to Ukrainian refugees, empowering families to choose how to cover basic needs and safely relocate on their own terms.   With nearly 5 million people displaced, humanitarian aid is urgently needed, and CORE and Mastercard have combined resources to develop a flexible cash assistance program in the form of prepaid…

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Mastercard Partners With Howard University to Drive Racial Equity Through Data Science

Stuart Mitchell

Mastercard and Howard University are pleased to announce a new dimension to their partnership with a $5 million grant from Mastercard that will support the creation of the Center for Applied Data Science and Analytics (CADSA). The center will advance Howard’s leadership as a major hub of data science for social impact research and training for the next generation of data scientists with expertise in incorporating analysis of racial bias in financial services.  “Data science touches everything, and it’s going to continue to be increasingly impactful in everything that we do,” said Howard…

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Tred announces Mastercard green debit card to help track and offset customers’ carbon footprint

Stuart Mitchell

Tred are launching a Mastercard green debit card in the UK, enabled by global payments platform Nium’s card issuing service. Our mission is to make your money work for both you and the planet, because it’s through your money that you can make an impact on climate change. Our first focus is to make everyday spending more sustainable through our debit card and accompanying app. The Tred green debit card, made from recycled plastic, will be the UK’s first green debit card that gives you the all-in-one ability to track,…

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HDFC Bank, Mastercard, USAID and DFC Launch $100 Million Credit Facility for Micro, Small and Medium Enterprises (MSMEs) in India

Stuart Mitchell

HDFC Bank, Mastercard, U.S. International Development Finance Corporation (DFC), and U.S. Agency for International Development (USAID) launched a $100 million credit facility to promote and encourage small businesses in India to digitize, while also helping Indian businesses, particularly those that are women-owned, to recover from the economic impacts of the pandemic. COVID-19 has had a disproportionate impact on small businesses, forcing many to close prematurely. Additionally, the accelerated shift to digital payments engendered by the pandemic means that small businesses must adapt to changing market dynamics and consumer preferences to…

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