PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Mastercard and Paymentology Combine Efforts to Expand Financial Inclusivity  

By Connie Diaz De Teran
August 17, 2023
in Analysts Coverage, Digital Payments, Emerging Payments
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Financial Inclusion

Mastercard and Paymentology have extended their partnership to boost financial inclusivity in El Salvador, Honduras, and Guatemala.  

Mastercard’s partnership is part of a larger initiative to give consumers more access to financial services. In a study conducted with Americas Market Intelligence (AMI), Mastercard found that roughly 25% of banked adults have a debit or credit cards.  The partnership with Paymentology really underscores both company’s efforts to bring digital payment access to more businesses and consumers in Central America.  

“Since day one, in payment cards, Mastercard has been at the front and center of financial inclusion, and they’ve taken that standard globally, for decades,” said Brian Riley, Director of Credit and Co-Head of Payments at Javelin Strategy & Research. “It is exciting to see them aligned with financial inclusion, which will certainly make the effort a success, both online and offline.” 

Building a More Inclusive Digital Economy 

As part of the expanded partnership, both Mastercard and Paymentology will work together with financial institutions, fintechs, and telecoms within Central America to ensure they’re equipped with the financial tools they need to serve unbanked and underbanked consumers. “Our partnership with Paymentology will help build a more robust and inclusive financial ecosystem in Northern Central America by providing the technology, expert support, and efficient processes new financial institutions and fintechs require to launch and grow,” Thiago Dias, Senior Vice President Fintechs, Enablers, and Crypto at Mastercard Latin America and the Caribbean said in a prepared statement. 

The topic of financial inclusivity has been a hotly debated one as some countries have demonstrated pushback when it comes to a fully digital, cashless society. In Australia, for example, some consumers have demonstrated their reluctance in the form of a strike, boycotting debit cards and using only cash for an entire week. Their stance is to do whatever it takes to keep cash from completely disappearing. This, they believe, is another, almost preferred form of financial inclusivity.  

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: El SalvadorFinancial InclusionMastercardUnbankedUnderbanked

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    supply chain payments

    The Payment Process: The Supply Chain’s Most Overlooked Cyber Risk

    July 17, 2025
    Navigating Global Fintech Regulations Through Strategic Regulatory Arbitrage

    Navigating Global Fintech Regulations Through Strategic Regulatory Arbitrage

    July 16, 2025
    AI Is Turning Accounts Receivable Into a Strategic Powerhouse

    AI Is Turning Accounts Receivable Into a Strategic Powerhouse

    July 15, 2025
    Embedded Finance

    Embedded Finance: Bringing Payments Under a Single Umbrella

    July 14, 2025
    Making Real-Time Payments a Reality

    Fulfilling the Promise: Making Real-Time Payments a Reality

    July 10, 2025
    mortgage

    The Rich Benefits of In-House Payment Systems

    July 9, 2025
    digital cards

    Beyond Plastic: Why Digital Cards Are the Future

    July 8, 2025
    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    July 7, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result