Mastercard & ADB: Build multi-stakeholder alliance

  • Mastercard a global technology company in the payments industry mission to connect and power an inclusive, digital economy
  • Creates a new digital pathway to credit for wholesalers for better cash flow management and inventory investments
  • These unprecedented times underscore the importance of building an inclusive, sustainable digital economy
  • The global pandemic and accompanying economic impact have severely disrupted supply chains and trade networks
  • The International Chamber of Commerce estimates a potential $2 trillion to $5 trillion shortfall in trade financing through 2021
  • Partnership with Mastercard and its alliance partners in the pilot digital supply chain project will provide critical access to finance to affected MSMEs
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

UK MPs Call for Royal Commission to Strengthen Financial Conduct Regulation

Parliamentarians emphasize the need for improved oversight in the financial sector.Highlights: UK MPs demand a Royal Commission to...

Experian Launches Credit Score App in ChatGPT, Enhancing Financial Access

New tool enables users to check credit scores effortlessly via ChatGPT.Highlights: Experian's app allows users to check credit...

US Senate Passes Bill Banning Issuance of CBDCs

Legislation aims to restrict the development of digital currencies by the Federal Reserve.Highlights: The US Senate approved a...

Truist Expands Open Banking Offerings with Plaid Partnership

Collaboration aims to enhance customer access to financial services.Highlights: Truist collaborates with Plaid for open banking expansion.The partnership...