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World Bank, Mastercard, and Visa launch $700M initiative to boost digital payments in emerging markets.

Market News
09 Sep 2026
PYMNTS
View Source
Bullish
World Bank, Mastercard, and Visa launch $700M initiative to boost digital payments in emerging markets.

The World Bank's International Finance Corporation (IFC) has launched a $700 million initiative to expand digital payment access in emerging markets, with Mastercard contributing $500 million and Visa supporting $200 million in credit risk sharing. This project aims to help banks, FinTechs, and financial institutions offer digital payment services to consumers and small businesses, reducing reliance on cash and improving financial inclusion. The initiative addresses barriers faced by financial institutions in these regions, promoting safer and more efficient payment methods. Research shows many small businesses want to switch to digital payments but face practical challenges, highlighting the importance of this effort.

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