FAO and MasterCard Join Forces on Financial Inclusion
Friday, September 4, 2015
The Food and Agriculture Organization of the United Nations (FAO) and MasterCard are joining forces to create an innovative new alliance against hunger.
A new partnership agreement, signed today by FAO Director-General José Graziano da Silva and Walt Macnee, Vice Chairman of MasterCard, at FAO headquarters, paves the way for a collaborative effort that will develop inclusive payment systems to support small-scale farmers and poor families.
Among other activities, the collaboration will explore ways to provide credit or money to households for purchases of basic needs and farming inputs on local markets, thereby supporting local economies and putting financial tools in the hands of economically marginalized communities.
The effort will benefit from the complementary strengths of each organization: MasterCard’s expertise in payments technology and FAO’s global reach and track record in combating hunger and malnutrition.