Mastercard launches partnership to empower migrant workers to participate in the digital economy

Mastercard have announced a partnership with Monak to advance financial inclusion for unbanked workers across MENA with the launch of a new digital financial services platform Mastercard has joined forces with Monak, an Oman-based fintech company, to launch a digital financial services platform that enhances cross-border money transfers for migrant workers and improves wage disbursement and onboarding processes for employers. The platform also reduces the cost and complexity traditionally associated with basic financial services, thereby supporting broader efforts to drive financial inclusion. The initiative addresses key challenges faced by migrant workers; a segment historically underserved by formal financial services. By …

https://www.tahawultech.com/news/mastercard-launches-partnership-to-empower-migrant-workers-to-participate-in-the-digital-economy/

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