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Mastercard and Microsoft join forces as they look for ‘the future of digital commerce’

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Mastercard and Microsoft join forces as they look for ‘the future of digital commerce’

  • The two companies have agreed to a partnership as they look to research, develop and scale new business models and technologies
  • Mastercard Labs, the companies research and tech division has said it will allow them to accelerate its cloud-native researchwith the aim of “de-risking and commercialising emerging technologies and platforms for digital commerce”
  • The focus of the partnership is believed to be around supporting Mastercard’s Community Pass initiative, which aims to give underserved communities access to education, services and healthcare other wise unavliable
  • Judson Althoff, Microsoft’s worldwide commercial business executive vice-president said that the collaboration will “help connect and power a digital economy for everyone, everywhere”

Source : https://www.siliconrepublic.com/companies/mastercard-microsoft-partnership-financial-inclusion

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