Trending
- Vantage Capital concludes a $71 million deal with telco Camusat
- Mukuru’s mobile wallet debuts in Malawi, boosting global transfers and financial access
- Investing in tomorrow: Global manufacturing, future cities, and the digital economy
- World Bank-backed MIGA and insurer ATIDI in deal to scale FDI flows in Africa
- Kenya adopts a new global messaging standard platform for bulk payments
- Africa’s economic growth stalls amid debt crisis, education reforms key to inclusivity
- Kenya’s mobile network revenues squeezed by rise in Internet calls and texting
- Why financial inclusion in Tanzania remains a big challenge
Browsing: 1.3 million MSMEs
- Mastercard Impact Fund has committed a initial philanthropic investment of $25 million
- The company said small business owners are currently in need of innovative solutions
- It builds on Mastercard’s $250 million commitment to support small businesses’ financial security made last year
Mastercard, through the Center for Inclusive Growth, has launched a new program dubbed ‘Strive’, to strengthen the financial resilience of small businesses as well as support their recovery and growth.
In a statement, the company said the initiative, which is global, will help micro and small enterprises transition to using digital platforms and processes.
The technology company said the launch of the initiative comes at a time when there has been a rapid shift towards digital services, which was necessitated by the coronavirus pandemic.
An initial philanthropic investment of $25 million from the Mastercard Impact Fund has been committed to the initiative whose aim is to help more than …