Mastercard and Microsoft collaborate to drive startup innovation and enable financial inclusion that will accelerate Mastercard Labs’ cloud native research and development activities, enabled by Azure and AI, to de-risk and commercialize emerging technologies and platforms for digital commerce.
Mastercard’s Start Path program has assisted with the development of over 230 fintech companies worldwide, democratizing access to financial services. Building on that momentum, the collaboration will expand support for the fintech community by helping diversify and build new businesses, and create and scale new cloud-first digital products and services.
“We are thrilled to deepen our longstanding relationship with Microsoft by advancing the research, development and scaling of new technologies and business models,” said Ken Moore, executive vice president and head of Mastercard Labs. “This strategic collaboration will strengthen and extend our cloud services and capabilities for clients and fintech partners, sparking innovation and creativity for the ecosystem. It will enable us to explore opportunities focused on new client segments, technologies and trends as we continue to drive financial inclusion and build the future of commerce.”
The Microsoft Azure cloud environment will serve as the native infrastructure for Mastercard Labs’ inclusion efforts and support Mastercard Community Pass — a platform that pulls together complex ecosystems and provides underserved communities with access to essential services, such as education, agriculture marketplaces and basic healthcare.
The Azure provides Mastercard — and the ecosystems they jointly serve — with a scalable and flexible platform imperative for establishing secure connections and protecting data, co-innovating with partners and delivering access to financial services.
“Mastercard’s commitment to innovation and financial inclusion has accelerated digital commerce for individuals and businesses around the world,” said Judson Althoff, executive vice president of Microsoft’s Worldwide Commercial Business. “We look forward to building on our strong relationship and accelerating co-innovation to help connect and power a digital economy for everyone, everywhere.”
Empowering fintech innovation, advancing digital commerce.