Mastercard Ramps Up Digital Transformation in Africa
have launched the Mobilizing Access to the Digital Economy- MADE Alliance: Africa to expand digital access to essential services for 100 million individuals and businesses in Africa over the next decade. The announcement was made on the sidelines of theThe Alliance will initially prioritize support for the agricultural sector and women.
As co-chairs, the African Development Bank Group will invest $300 million to support Alliance programs, providing funding for digital infrastructure and incentivizing ecosystem actors to enhance digital access. Mastercard, on the other hand, aims to register 15 million users in Africa onto its Community Pass platform within five years, with interoperable digital infrastructure facilitating involvement from various ecosystem participants.
To facilitate broader participation in the digital economy, a collaboration between public and private sector partners is indispensable. The Alliance strategically aligns partners’ complementary strengths in key regions to foster sustainable digital access. Collectively, the partners will provide connectivity, training, employment opportunities, and digital access to financial and other essential services.The endeavors of the MADE Alliance: Africa will bolster the U.S.
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