Wednesday
July 10
2019

Mastercard Debuts Card to Act as ID, Payment for Underserved

By Andrew Westrope

Many take for granted that electronic cards are a staple of daily life, whether for payment, identification or facility access. But there are still people who don’t use them, some of whom belong to underserved populations, and Mastercard is launching a new card to help cities address this.

Under the auspices of Mastercard’s City Possible program to help cities develop sharable solutions to common problems, the company announced City Key last month at the annual U.S. Conference of Mayors in Honolulu.

Mastercard Executive VP of Enterprise Partnerships Miguel Gamiño told Government Technology that City Key is an open-standard payment card that municipal governments could give to citizens and then program for a wide range of uses, from paying bills to accessing city services, accessing transit or other mobility options, or even non-financial uses like checking out a library book.

Photo courtesy of debannja.

Source: Govtech.com (link opens in a new window)

Categories
Finance
Tags
digital identity, digital inclusion, digital payments, financial inclusion, government, urban development