Mastercard and World Bank Group launch $500 million global risk facility to expand financial access
United States, Sept. 9 -- Mastercard announced the launch of a new $500 million global settlement exposure facility in partnership with International Finance Corp., a member of the World Bank Group focused on the private sector, to accelerate inclusive economic growth by extending digital payments and financial services to underserved populations. This builds on the recent announcement by the IFC to support the growth of secure, accessible financial services in emerging markets. Building on the organizations' prior collaborations, the launch reflects a broader joint ambition to launch scalable models that connect capital, technology, and distribution capabilities to bring more people into the formal economy, support micro-, small and medium...
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