On Tuesday, Mastercard and Microsoft Corp. announced a collaboration to shape the future of digital commerce, drive startup innovation and enable financial inclusion. The collaboration will accelerate Mastercard Labs\u2019 cloud native research and development activities, enabled by Azure and AI, to advance Mastercard Labs\u2019 mission to de-risk and commercialize emerging technologies and platforms for digital commerce. Through access to technical expertise and cutting-edge technologies, Mastercard\u2019s partners will be further empowered to build and securely scale new solutions.<\/p>\n\n\n\n

\u201cWe are thrilled to deepen our longstanding relationship with Microsoft by advancing the research, development and scaling of new technologies and business models,\u201d said Ken Moore, executive vice president and head of Mastercard Labs. \u201cThis 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.\u201d<\/p>\n\n\n\n

\u201cMastercard\u2019s commitment to innovation and financial inclusion has accelerated digital commerce for individuals and businesses around the world,\u201d said Judson Althoff, executive vice president of Microsoft\u2019s Worldwide Commercial Business. \u201cWe look forward to building on our strong relationship and accelerating co-innovation to help connect and power a digital economy for everyone, everywhere.\u201d<\/p>\n\n\n\n

Empowering fintech innovation, advancing digital commerce<\/p>\n\n\n\n

Capitalizing on Mastercard\u2019s global network and leveraging Azure\u2019s global reach, the collaboration will enable Mastercard\u2019s ecosystem of partners to explore the use of emerging innovations and new commerce capabilities such as devices that enable digital payments in new ways. Through access to Azure technologies, augmented and virtual reality and Internet of Things, fintech partners will be empowered to create new user experiences to advance how consumers, businesses and governments exchange value.<\/p>\n\n\n\n

Mastercard\u2019s 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.<\/p>\n\n\n\n

Enabling financial inclusion<\/p>\n\n\n\n

Mastercard and Microsoft share a commitment to ensuring people in underserved communities have access to digital products and services to realize their full potential. The collaboration will advance Mastercard\u2019s vision to improve the lives of people by building pathways to financial security and access to critical services. The Azure cloud environment will serve as the native infrastructure for Mastercard Labs\u2019 inclusion efforts and support Mastercard Community Pass \u2014 a platform that pulls together complex ecosystems and provides underserved communities with access to essential services, such as education, agriculture marketplaces and basic healthcare.<\/p>\n\n\n\n

Microsoft Azure provides Mastercard \u2014 and the ecosystems they jointly serve \u2014 with a scalable and flexible platform imperative for establishing secure connections and protecting data, co-innovating with partners and delivering access to financial services.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, Mastercard and Microsoft Corp. announced a collaboration to shape the future of digital commerce, drive startup innovation and enable financial inclusion. The collaboration will accelerate Mastercard Labs\u2019 cloud native research and development activities, enabled by Azure and AI, to advance Mastercard Labs\u2019 mission to de-risk and commercialize emerging technologies and platforms for digital […]<\/p>\n","protected":false},"author":1,"featured_media":12231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/posts\/12923"}],"collection":[{"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/comments?post=12923"}],"version-history":[{"count":1,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/posts\/12923\/revisions"}],"predecessor-version":[{"id":12925,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/posts\/12923\/revisions\/12925"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/media\/12231"}],"wp:attachment":[{"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/media?parent=12923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/categories?post=12923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaversenewswire.io\/wp-json\/wp\/v2\/tags?post=12923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}