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Fintech & Ecommerce

Mastercard and Samsung team up to launch digital inclusion plan

Mar 13, 2020

The platform is expected to solve issues that are limiting device financing in emerging markets

Mastercard and Samsung

Mastercard and Samsung team up to launch digital inclusion plan. Source: shutterstock.com

Mastercard announced a partnership with Samsung to provide consumers and small businesses with digital access through its extensible Pay on Demand platform.

The platform aims to accelerate digital inclusion by bringing together financial institutions, original equipment manufacturers and telcos. What is more, it enables consumers to access devices in a pay-as-you-go model.

At Mastercard, we see a connected world where opportunity and prosperity are possible for everyone, everywhere. The Pay on Demand platform enables us to deliver on that vision and foster financial inclusion, giving consumers an opportunity to participate in digital commerce. By combining Samsung’s device management and security expertise with Mastercard’s innovative technology, we are creating an ecosystem that can deliver measurable, positive impact to the communities we serve
Jorn Lambert, executive vice president, Digital Solutions, Mastercard

According to information, the Pay on Demand platform will bring together lenders who give consumers access to affordable device financing. What is more, it ensures the integrity and safety of consumer data and transactions. Meanwhile, consumers will be able to analyze and build their credit history from usage data.

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