• Mastercard pledges $500 million to promote financial inclusion in Black communities

    12 days ago - By Fortune

    Mastercard is committing $500 million toward a series of initiatives meant to increase financial inclusion among Black communities and close the racial wealth and opportunity gap in the U.S., the digital payments giant announced today.
    Mastercard's investment, to be made over a five-year period, will be spread across an array of programs designed to help financially underserved Black communities more easily access financial products, services, and support.
    Among its efforts, the company will work with seven cities across the country (Atlanta, Birmingham, Dayton, Los Angeles, New Orleans...
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  • Mastercard will spend $500 million to expand financial access in Black communities

    12 days ago - By Fast Company

    Through helping to expand and digitize financial services, Mastercard hopes to tackle historic financial exclusion that the pandemic has exacerbated.
    Mastercard is pledging $500 million over the next five years to expand financial inclusion for Black individuals and businesses. Through three interconnected initiatives, and with the help of various partners, the financial services company aims to deliver tools and resources to allow many long-excluded African Americans to access affordable financial services and build prosperity.
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