August 17

Paymentology and Mastercard Join Forces to Foster Financial Inclusion in Northern Central America

Paymentology, the leading global issuer-processor, today announces an expanded partnership with Mastercard to bolster financial inclusion across Guatemala, Honduras, and El Salvador.

According to a recent Mastercard and Americas Market Intelligence (AMI) study, while most Latin Americans gained access to basic financial products between 2020 and 2023, 21% still rely exclusively on cash and are still excluded. Furthermore, in Guatemala, Honduras, and El Salvador, only one in four banked adults possess a debit or credit card, further emphasizing the obstacles in accessing the financial system within the region.

Photo courtesy of Scott Mainwaring.

Source: Fintech Finance News (link opens in a new window)

Finance, Technology
corporations, digital inclusion, financial inclusion, fintech, innovation, MSMEs