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Inclusion for 400 million and counting.

Mastercard is spreading the wealth. With revenue up 20% to $15 billion in 2018, the payments company has put more resources behind its efforts to reach consumers who lack access to the digital economy. Through a subsidiary, the Center for Inclusive Growth, Mastercard established the first chamber of commerce in India devoted to rural women entrepreneurs in the cities of Pune, Satara, and Chiplun. Six months in, the initiative has reached 5,660 women at 3,275 businesses in agriculture, food production, and artisan manufacturing, providing them with access to credit, training in financial literacy and marketing, and more. The work is part of Mastercard’s goal to reach 500 million people previously excluded from financial services by 2020—it has only 100 million more to go.

Company Information

Country
U.S.
Headquarters
Purchase, N.Y.
Impact Segment
Economic Opportunity/Financial Inclusion
Sector
Business Services
Industry
Financial Data Services
CEO
Ajay Banga
Websitehttp://www.mastercard.com
Company Type
Public
Ticker
MA
Prior Year Rank-
Revenues ($M) (Last Fiscal Year)$14,950
Profits ($M) (Last Fiscal Year)$5,859
Market Value ($M) as of 8/12/19$274,144
Employees14,800

Refinitiv Sustainable Leadership Monitor

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