MasterCard Lab for Financial Inclusion

The seventh in a series of MasterCard Innovation Hubs, MasterCard Labs for Financial Inclusion is the first Lab in Africa and the first to focus exclusively on financial inclusion. With the support of the Bill and Melinda Gates Foundation, the Lab seeks to impact more than 100 million people by bringing together MasterCard’s innovation and global financial inclusion capabilities under one roof, combining these with local expertise and insight.  The Lab does not simply repurpose products off the shelf. Instead, it takes MasterCard’s proven innovation process and works hand-in-hand with people on the ground. This allows for quick learning to create new products and services that fulfil an unmet need, improve access to and use of formal financial services, which will ultimately deliver more inclusive growth and empower people.