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Our COVID-19 Response

We are helping everyone weather these challenging times by keeping our network secure and resilient and by applying our technology, philanthropy and data science to ensure economic growth for all. These funds are supporting equitable access to vaccines and will aid small businesses and financially vulnerable communities around the world. 

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Inclusion Through Action

In light of the stark digital inequality gaps being exacerbated by COVID-19, we have expanded our worldwide commitment to financial inclusion, pledging to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025 with a direct focus on providing 25 million women entrepreneurs with solutions that can help them grow their businesses.

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KEY COMMITMENTS

$25 million seed money to establish the COVID-19 Therapeutics Accelerator with the Bill and Melinda Gates Foundation and Wellcome to speed the development of and access to therapies. Total public and private donor funding has reached close to $300 million to date.

$25 million in donations, plus fundraising and matching efforts, will support Gavi, the Vaccine Alliance, in their public-private approach to bring vaccines to lower-income countries.

$10 million donated to India to directly address critical needs, including an addition of 2,000 beds at portable hospitals and 1,000 oxygen generators.

5 million meals delivered in Brazil to tackle hunger, we are committing to an estimated 20 million more in partnership with World Vision and others, to support people living in vulnerable communities.

100,000 people currently without health support will be targeted as part of a vaccine awareness campaign through a partnership with the Red Cross in France. Vaccinations will be provided for 25,000 individuals through the deployment of at least 50 mobile vaccination units.

KEY COMMITMENTS

$250 million in financial, technology, product and insight assets over the next five years to support the financial security and vitality of small businesses and their workers.

KEY COMMITMENTS

In the U.S., Mastercard is leveraging its Priceless platform for a national vaccine incentive program in the U.S., as well as partner with the Ad Council to support community grassroots education campaigns.

Outside the U.S., in low income countries, we are working with Gavi, the Vaccine Alliance, to deploy Mastercard Wellness Pass – a tool to help digitalize childhood vaccination records and help trace COVID-19 vaccination deployment in the most marginalized communities, to ensure their needs are met.

In Africa, we are applying our technology and expertise to bolster trust in health data by partnering with fintech Cassava on the enhancement and expansion of the Africa CDC TravelPass, and working with CommonTrust Network on a trusted system for sources of health data.

In Lebanon, we are working with Mercy Corps to support refugees and those impacted by the Beirut port explosion by providing critical information on the prevention and transmission of COVID-19, distributing PPE kits and sanitizing supplies and personal hygiene kits.

In India, we are partnering with ACCESS Development Services, the Confederation of All Indian Traders, and the National Association of Street Vendors of India to support 55,000 Delhi-based businesses with COVID sanitation kits and an awareness campaign focused on small traders and street vendors on how to operate safely with social distancing.

In Indonesia, we worked with World Vision to support 30,000 food insecure children and families through an e-voucher system that was redeemable in neighborhood grocery shops.

In Vietnam, we are working with CARE to provide both funds and expertise that will enable 1,000 local women entrepreneurs in Hanoi and Ho Chi Minh City to kickstart their businesses as the economy re-opens and support their families financially.

KEY COMMITMENTS

We have introduced a COVID-19 global employee benefit for up to 10 business days of paid leave for sick, childcare or eldercare related needs.

We are providing 100% costs associated with COVID-19 testing for U.S. employees and access to free telemed consults.

We have committed to no layoffs in 2020 as a result of COVID-19.

We are running a virtual summer intern program with full/same compensation as promised.

Our employees served 1,000 virtual volunteer hours in eight weeks.

We are giving employees a range of choices about how and where they get work done as we put precautionary measures in place to help them feel safe if they choose to return to offices.

KEY COMMITMENTS

$10 million challenge issued by data.org for ideas that use data science to advance inclusive growth and recovery around the world. data.org was founded by the Mastercard Center for Inclusive Growth and the Rockefeller Foundation in January 2020.

Resources

Fact Sheet

Download a fact sheet on Mastercard's COVID-19 global health response.

Download