Mastercard Consumer Survey Reveals a Future More Digital Than Ever
Life post-COVID-19 and the future of payments in Latin America and the Caribbean
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International Women’s Day and Women’s Month aim to celebrate the achievements of women and their contributions to better society. This year’s celebration feels particularly worthy after a pandemic that has tested women and their roles, specifically their status in the workforce.
For women and girls to develop their full potential, there must be a change of mentality and concrete programs that support their initiatives.
For millions of women, digital inclusion is a critical step in strengthening their economic potential. In a year when the health and economic implications of COVID-19 were felt by so many, women specifically have been disproportionally impacted.
For retailers, restaurants and other businesses large and small, being able to sell online provided a much-needed lifeline as in-person consumer spending was disrupted.
Mastercard has joined the Inter-American Development Bank and other companies from the private-sector in the "Women Growing Together in the Americas", a program to encourage women entrepreneurs in Latin America and the Caribbean to integrate their businesses into foreign trade and regional value chains.
Mastercard is announcing the expansion of the Engage platform, providing customers with easy access to a growing network of qualified technology and fintech partners that can quickly deploy Mastercard Digital First solutions. They enable customers to provide entirely digital payment experiences for consumers, from acquisition and card usage to management and engagement, with a physical card option.
Mastercard has teamed up with payment processing technology company, Dynamics Payments, to launch an application (app) which will increase financial inclusion for the Caribbean region. This comprehensive solution is expected to result in a marked increase in credit and debit card usage in the coming years. The app will be available in three Caribbean markets: Dominican Republic, Jamaica and Puerto Rico.
As part of International Women’s Day, Mastercard continues its mission to support future women in technology and their entrepreneurial success by educating the next generation of leaders with its Girls4Tech program and providing digital and financial security tools to women-owned businesses across the region.
Mastercard, a leading technology company in the payments industry, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash while using the power of iPhone to protect every transaction.
Bahamians received even greater flexibility in how they shop and pay using the country’s digital currency, the first of its kind. Under a new program from Mastercard and Island Pay, the Bahamas Sand Dollar prepaid card gives people the option to instantly convert the digital currency to traditional Bahamian dollars and pay for goods and services anywhere Mastercard is accepted on the Islands and around the world.
The company’s new Country Manager, Estanislau Bassols, brings more than 23 years of professional and leadership experience across diverse industries. He will report to João Pedro Paro Neto, President, Mastercard Brazil and the Southern Cone.
Mastercard and the U.S. Agency for International Development (USAID) have partnered under the Women’s Global Development and Prosperity (W-GDP) Initiative to launch Start Path Empodera, a business accelerator focused on promoting womenʼs entrepreneurship and financial inclusion in Colombia.
After a successful launch in Europe, Mastercard announced today the expansion of its new interactive business intelligence platform Market Trends in Latin America and the Caribbean. The new platform provides a comprehensive view of payments insights, competitive intelligence and industry trends for banks and financial institutions across Europe and now the Latin America and the Caribbean (LAC) region.
To help governments and businesses of all sizes find a path forward following the challenges of 2020, the Mastercard Economics Institute released Economy 2021, an outlook of what’s to come in economies around the world and in Latin America.
A survey conducted by Mastercard and Americas Market Intelligence (AMI) in thirteen countries across the Latin America and the Caribbean (LAC) region, including Jamaica, shows how consumer habits have changed, how the demand for financial services has increased, and how companies will have to adapt to the novel digital ecosystem generated by the pandemic.
A survey conducted by Mastercard and Americas Market Intelligence (AMI) in thirteen countries across the Latin America and Caribbean region shows how consumer habits have changed, how the demand for financial services has increased, and how companies will have to adapt to the novel digital ecosystem generated by the pandemic.