Mastercard and Banque du Liban Partner to Expand Digital Payments for SMEs and Women Entrepreneurs
What's happening
Mastercard and Banque du Liban announced a partnership to expand digital payments for SMEs and women entrepreneurs. The move sits alongside Mastercard's wider push to scale and interconnect mobile wallets, including the launch of its Wallet Pay portfolio to boost global digital wallet interoperability and uptake. Mastercard is positioning Wallet Pay as a suite of products to support interoperability and reach of mobile wallet payments worldwide.
Why it's trending
Multiple recent announcements show Mastercard accelerating wallet interoperability while targeting underserved business segments now.
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If Mastercard thinks a techy interoperability product will magically fix access gaps for women entrepreneurs, it's ignoring the tougher barriers, here's what they're missing.
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Original sources13
- Mastercard launches Wallet Pay to boost digital wallet interoperabilityelectronicpaymentsinternational.comSep 11
- Mastercard Launches Wallet Pay To Expand Digital Payments WorldwideBernamaBizSep 10
- Mastercard Sees Digital Wallet Users Exceeding 6 Billion by 2030PYMNTS.comSep 10
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