Mastercard Launches $500 Million Settlement Exposure Facility With IFC
Mastercard announced a new $500 million global settlement exposure facility with the International Finance Corporation to expand digital payments and financial services for underserved populations. The partnership aims to help emerging-market financial institutions join the Mastercard network, using cost-effective access to payment infrastructure with risk-management standards, supporting micro-, small and medium-sized businesses and committing to connect 500 million people and small businesses by 2030.