Mastercard Continues to Foster a Extra Sustainable Future

MIAMI Mastercard is a driving pressure behind monetary inclusion and progress, devoted to implementing initiatives and forging strategic partnerships for a extra affluent and sustainable society. The corporate’s efforts have had a constructive social affect throughout the Caribbean, elevating over USD 800K in donations and serving as inspiring examples on World Inhabitants Day.

Mastercard is dedicated to bringing 1 billion folks and 50 million micro and small companies into the digital financial system by 2025. In its latest ESG report, the know-how firm offered entry to 27 million ladies entrepreneurs to progressive options that allow them to develop their companies and positively affect their communities, surpassing their purpose of 25 million by 2025.

All through the Caribbean, Mastercard led its ESG efforts in partnership with cardholders, issuers, and retailers. Specifically, the know-how firm rewarded cardholder donations with numerous advantages, together with Priceless experiences, merchandise, and extra.

Mastercard Financial Inclusion

Puerto Rico

In Puerto Rico, Mastercard partnered with Plaza Las Americas, Plaza del Caribe, Dynamic Funds, and JD Leisure to lift funds for Banco de Alimentos, a non-profit group combating starvation since 1988. Mastercard’s marketing campaign, “Alimentar el Presente por un Futuro Brillante: No Tiene Precio,” matched cardholder donations to Banco de Alimentos between December 2022 and January 31, 2023. This initiative financed $1.8M at school lunches throughout 78 municipalities, offering 10 meals for each USD $1 by means of Banco de Alimentos’ meals donation community.

Moreover, Mastercard launched a donation portal in the course of the Style Meals Fest in Plaza Las Americas, enabling cardholders to contribute to the Priceless Planet Coalition. This partnership with Conservation Worldwide goals to plant 100 million bushes worldwide by 2025. With Plaza Las Americas and cardholders, Mastercard raised funds to plant 80K bushes whereas providing rewards resembling gadgets value as much as USD $50 and entry to Priceless Experiences.

Hurricane Fiona – Puerto Rico & The Dominican Republic

Mastercard partnered with the American Crimson Cross to assist Puerto Rico and the Dominican Republic get well from the affect of Hurricane Fiona. The American Crimson Cross used Mastercard’s Ship answer for emergency monetary support disbursements in Puerto Rico. As well as, Mastercard donated over USD $75K to the Crimson Cross for harm evaluation, emergency support distribution, and monetary help.

English-speaking Caribbean

Mastercard carried out fundraising efforts in the course of the famend Jamaican music competition, Reggae Sumfest. Equally, Mastercard hosted a silent public sale in Barbados in the course of the Fintech Islands Convention, an inaugural world-class occasion that welcomed greater than 100 Fintech leaders worldwide. Friends have been inspired to take part in a bid to win a Priceless Expertise; the profitable bid went on to the Priceless Planet Coalition. The collective efforts between Mastercard, cardholders, and enterprise companions secured sufficient funds to plant 166K bushes by means of Mastercard’s Priceless Planet Coalition.

“At Mastercard, we perceive {that a} extra sustainable future can solely be achieved by means of collaborative and cohesive efforts involving governments, firms, and people. Thus, we’ll attempt to strengthen and develop our community of strategic partnerships since we’re satisfied that communities are solely profitable when progress is sustainable and inclusive and when prosperity is shared,” mentioned Mayra Vivacqua, Cluster Lead for Mastercard Caribbean (West & Dutch, Jamaica & East Caribbean, and Puerto Rico).

The world know-how firm will preserve implementing initiatives and securing strategic partnerships that foster a extra inclusive, affluent, and sustainable society specializing in the United Nation’s 2030 Sustainable Improvement Objectives.