The Role of a Market Organizer in Advancing Financial Inclusion
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The financial inclusion sector is at an inflection point, where tomorrow’s initiatives will require expanded partnerships that leverage technological change to be more customer-centric and apply new and innovative business models. This paper highlights the ways in which Mastercard has worked with diverse stakeholders to bring a more holistic and consumer-centric approach to organizing markets which drive financial inclusion. A few of the examples highlighted are:
- Partnering with Levi’s, Marks & Spencer and Vanity Fair Corp to identify opportunities in garment manufacturing value chains and provide digitized wage solutions that meet factory and worker needs.
- Expanding on a pilot program with Neumann Kaffee Gruppe (NKG) to digitize payments for coffee farmers in Mexico, reaching an inflection point in terms of growth in consumers and expansion into new markets.
- Working with partners across various sectors in Egypt to build a robust mobile payments ecosystem that is interoperable across industries, the first nationwide open loop solution of its kind.
|Year of Publication||2019|
|Number of Pages||28 pages|
|Region / Country||Global /|
|Primary Language||English (en)|
|Keywords||Financial Inclusion, client centricity, market organizer|