Mastercard Provides Update to USAID’s PREPARE Call to Action
Mastercard (MA) has provided an update on its commitment to USAID's PREPARE Call to Action, aimed at helping 500 million people in developing countries adapt to climate change. The company's initiatives include:
1. Partnering with BFA Global and CIFAR Alliance to scale fintech solutions for climate resilience, launching the Climate Smart Product Innovation Hub with 74 climate-aligned fintech innovations.
2. Aiming to bring 30 million people onto the Community Pass platform within five years.
3. Collaborating with Co-operative Bank of Kenya and Shell Foundation to provide up to 100,000 farmers access to credit for clean energy farming technologies.
Mastercard emphasizes the importance of combining governmental initiatives with private sector support to maximize impact on global climate resilience.
Mastercard (MA) ha fornito un aggiornamento sul suo impegno nel programma PREPARE Call to Action di USAID, volto ad aiutare 500 milioni di persone nei paesi in via di sviluppo ad adattarsi ai cambiamenti climatici. Le iniziative dell'azienda includono:
1. Collaborare con BFA Global e CIFAR Alliance per espandere le soluzioni fintech per la resilienza climatica, lanciando il Climate Smart Product Innovation Hub con 74 innovazioni fintech allineate ai cambiamenti climatici.
2. Puntare a portare 30 milioni di persone sulla piattaforma Community Pass entro cinque anni.
3. Collaborare con la Co-operative Bank of Kenya e la Shell Foundation per fornire accesso al credito a 100.000 agricoltori per tecnologie agricole a energia pulita.
Mastercard sottolinea l'importanza di combinare le iniziative governative con il supporto del settore privato per massimizzare l'impatto sulla resilienza climatica globale.
Mastercard (MA) ha proporcionado una actualización sobre su compromiso con el programa PREPARE Call to Action de USAID, que tiene como objetivo ayudar a 500 millones de personas en países en desarrollo a adaptarse al cambio climático. Las iniciativas de la compañía incluyen:
1. Asociarse con BFA Global y CIFAR Alliance para escalar soluciones fintech para la resiliencia climática, lanzando el Climate Smart Product Innovation Hub con 74 innovaciones fintech alineadas con el clima.
2. Aspirar a integrar 30 millones de personas en la plataforma Community Pass en un plazo de cinco años.
3. Colaborar con el Co-operative Bank of Kenya y la Shell Foundation para proporcionar hasta 100.000 agricultores acceso a créditos para tecnologías agrícolas de energía limpia.
Mastercard enfatiza la importancia de combinar las iniciativas gubernamentales con el apoyo del sector privado para maximizar el impacto en la resiliencia climática global.
마스터카드(MA)는 기후 변화에 적응하기 위한 개발도상국의 5억 명의 사람들을 돕는 USAID의 PREPARE Call to Action에 대한 헌신 업데이트를 제공했습니다. 회사의 이니셔티브는 다음과 같습니다:
1. 기후 회복력을 위한 핀테크 솔루션을 확대하기 위해 BFA Global 및 CIFAR Alliance와 파트너십을 맺고, 74개의 기후 맞춤형 핀테크 혁신을 포함하는 Climate Smart Product Innovation Hub를 시작했습니다.
2. 향후 5년 내에 3000만 명을 Community Pass 플랫폼에 등록하는 것을 목표로 하고 있습니다.
3. 케냐의 협동조합 은행 및 쉘 재단과 협력하여 최대 10만 농부에게 청정 에너지 농업 기술을 위한 신용 접근권을 제공하는 것입니다.
마스터카드는 정부 이니셔티브와 민간 부문의 지원을 결합하여 전 세계 기후 회복력에 대한 영향을 극대화하는 것의 중요성을 강조합니다.
Mastercard (MA) a fourni une mise à jour sur son engagement envers l'appel à l'action PREPARE de l'USAID, visant à aider 500 millions de personnes dans les pays en développement à s'adapter au changement climatique. Les initiatives de l'entreprise incluent :
1. S'associer avec BFA Global et la CIFAR Alliance pour développer des solutions fintech pour la résilience climatique, en lançant le Climate Smart Product Innovation Hub avec 74 innovations fintech alignées au climat.
2. Ambition de porter 30 millions de personnes sur la plateforme Community Pass d'ici cinq ans.
3. Collaboration avec la Co-operative Bank of Kenya et la Shell Foundation pour fournir accès au crédit à 100 000 agriculteurs pour des technologies agricoles d'énergie propre.
Mastercard souligne l'importance de combiner les initiatives gouvernementales avec le soutien du secteur privé pour maximiser l'impact sur la résilience climatique mondiale.
Mastercard (MA) hat ein Update zu seinem Engagement für den PREPARE Call to Action von USAID bereitgestellt, der darauf abzielt, 500 Millionen Menschen in Entwicklungsländern bei der Anpassung an den Klimawandel zu helfen. Zu den Initiativen des Unternehmens gehören:
1. Die Partnerschaft mit BFA Global und CIFAR Alliance zur Skalierung von Fintech-Lösungen für die Klimaresilienz, und die Einführung des Climate Smart Product Innovation Hub mit 74 klimasensitiven Fintech-Innovationen.
2. Das Ziel, 30 Millionen Menschen in die Community Pass-Plattform innerhalb von fünf Jahren zu bringen.
3. Die Zusammenarbeit mit der Co-operative Bank of Kenya und der Shell Foundation, um bis zu 100.000 Landwirten Zugang zu Kreditmitteln für saubere Energietechnologien in der Landwirtschaft zu gewähren.
Mastercard betont die Bedeutung der Kombination von Regierungsinitiativen mit der Unterstützung des Privatsektors, um die Auswirkungen auf die globale Klimaresilienz zu maximieren.
- Commitment to help 500 million people in developing countries adapt to climate change
- Launch of Climate Smart Product Innovation Hub with 74 climate-aligned fintech innovations
- Goal to bring 30 million people onto Community Pass platform within 5 years
- Partnership to provide up to 100,000 farmers with access to credit for clean energy farming technologies
- None.
NORTHAMPTON, MA / ACCESSWIRE / August 15, 2024 / Addressing the climate crisis both domestically and internationally is key to ensuring long-term global economic stability. In November 2022, Administrator Samantha Power and then-Special Presidential Envoy for Climate John Kerry introduced the PREPARE Call to Action to the Private Sector at COP27, engaging 10 companies, including Mastercard, to help half a billion people in developing countries adapt to the effects of climate change.
Mastercard's commitment to the PREPARE Call to Action includes a partnership with BFA Global and CIFAR Alliance, which is scaling innovative fintech-enabled solutions that help vulnerable households and businesses build resilience and adapt to climate impacts. Together, we've launched the Climate Smart Product Innovation Hub, showcasing 74 climate-aligned fintech innovations to attract investment and generate scale. Our commitment also encompasses our goal to bring 30 million people onto our Community Pass platform within the next five years. In early 2024, Community Pass partnered with the Co-operative Bank of Kenya and Shell Foundation to launch a program aimed at providing up to 100,000 potato, maize, and dairy farmers with access to credit for six innovative clean energy farming technologies.
Impact can be maximized when governmental initiatives are combined with private sector support. It was an honor to participate in a discussion yesterday with these leaders and representatives from the PREPARE Call to Action on how we can enhance the stability and security of supply chains, harness American ingenuity, and leverage our collective strengths to promote climate resilience globally.
About Mastercard
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. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
Originally published by Mastercard
Image courtesy of Rich Lesser, The White House
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SOURCE: Mastercard
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