An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Mastercard Continues to Advance Support for Inclusive and Sustainable Urban Development and Grow City Possible Network
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Mastercard (NYSE: MA) has announced significant growth in its City Possible network, expanding to over 300 members globally. This initiative aims to tackle urban challenges by collaborating with city leaders to drive sustainable development. The second City Possible Summit will be held in a hybrid format alongside the Smart City Expo World Congress, emphasizing community engagement and innovative solutions. Mastercard's offerings include transit solutions and a digital marketplace with over 20 data-driven tools to support urban development, with a focus on inclusivity and resilience.
Positive
City Possible network expanded to over 300 members and 600 communities across 50 countries.
Launch of the City Possible Advisory Board to guide urban innovation and sustainability.
City Insights digital marketplace offers over 20 data-driven tools for public sector support.
Negative
None.
City Possible network expands to over 300 members around the world
New City Possible Advisory Board formed to guide a sustainable and inclusive future for cities
Second annual City Possible Summit taking place in hybrid format, in partnership with Smart City Expo World Congress
PURCHASE, N.Y.--(BUSINESS WIRE)--
Mastercard has continued to expand its support for addressing urban challenges and inequalities, working with city leaders and partners around the world, through the City Possible™ network and capabilities. The unique solutions now reach over 600 communities in more than 50 countries across six continents, helping to foster collaboration and co-creation, drive inclusive economic development, and build resilient communities.
City Possible, a partnership model pioneered by Mastercard, has grown from 16 founding members at launch three years ago to 310 city members and candidate cities. As well as welcoming new city members – such as Bogota, Colombia; the High Line in New York City; Nur-Sultan in Kazakhstan; the San Diego Cyber Center of Excellence; and The Smart City Association Italy formed of 38 cities across Italy – a number of industry and multilateral partners have also joined the network including the Inter-American Development Bank (IDB) and Citi.
Alongside this, 390 cities are leveraging Mastercard’s transit solutions, as the company takes an integrated approach to mobility to accelerate contactless payments on all forms of public transport. Mastercard is working with a range of partners across the ecosystem to deliver a consistent and seamless way to pay, whether it be buses, trains or micro-mobility such as bikes and scooters.
The newly launched City Possible Advisory Board are representatives from some of the world’s most innovative cities to provide guidance to the City Possible network and drive solution-oriented initiatives to solve the biggest challenges facing cities today. Founding Advisory Board members comprise representatives from City Possible members globally – including Curitiba and Novo Hamburgo in Brazil; Dublin City Council, Ireland; City of Hamilton, Canada; the North Texas Innovation Alliance; and The Smart City Association Italy - with the first meeting to be held later this year.
“Technology innovation has a vital role to play in solving big urban problems, in particular by bringing together the scale, expertise and reach of public and private organizations,” commented Carlos Menendez, President, Enterprise Partnerships at Mastercard. “Through City Possible, we’re focused on delivering innovation, flexibility and trust and, as the network continues to expand, we see increasing opportunities to support each other’s work to make our cities more sustainable and inclusive.”
City Insights: Data-Driven Insights Tools and Solutions
Since launch in November 2020, the City Insights digital marketplace has rapidly expanded with over 20 data-driven tools and solutions, including data insights, cybersecurity solutions, and small business resources that are designed specifically for the public sector, contributed by Mastercard and technology partners. More than 50 state and city governments are leveraging the applications from contributors such as Bright Cities, the Cyber Readiness Institute, the Global Cyber Alliance, Marketplace.city, Venture Forward by GoDaddy, UrbanFootprint, and Zencity.
City Key: Integrated Access to Services
Mastercard City Key™ is a digital-first payment and ID solution that enables residents and small businesses to access the economic, social, and cultural services they need, while at the same time making city operations more efficient. Today, over 2.7 million people in more than sixty locations worldwide have used Mastercard City Key cards to access financial aid and services, with 35 new city partnerships signed so far in 2021, including São Paulo, New Orleans and Egypt’s New Administrative Capital.
During this year, Mastercard has worked closely with cities and partners around the world to draw on the collective expertise and resources of all stakeholders to build innovative solutions which support the vulnerable communities that have been most impacted by the pandemic.
For example, in Los Angeles, Mastercard worked with the Mayor’s Office and Mobility Capital Finance, Inc (MoCaFi) on the launch of Angeleno Connect debit card and mobile app, which is being used to disburse financial assistance directly, connect residents to city services and offer free financial services to unbanked Angelenos.
City Possible Summit: Hybrid Community Engagement
At this year’s Smart City Expo World Congress in Barcelona, City Possible is showcasing how city leaders, private sector companies and many others are coming together to combine strengths and find solutions to enable innovation, accelerate digital access and foster an inclusive economic recovery.
Through a hybrid format, the City Possible Summit will engage the community in-person and virtually. Ten engaging live sessions, featuring a world-class speaker line-up and focused on near-term challenges as well as longer-term planning, will cover topics such as ensuring an inclusive economic recovery, enabling small businesses, future-proofing social infrastructure, and managing priorities such cybersecurity, environmental sustainability and urban mobility.
For those participating in the Smart City Expo World Congress in person, the City Possible Plaza will act as a meeting point for city leaders and partners from around the world as well as bringing to life the work being done by Mastercard and City Possible network participants.
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. www.mastercard.com
