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Mastercard will spend $500 million to expand financial access in Black communities

17 Sep 2020

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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This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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