back Back

Mastercard signs digital country partnership with Panama

By Pavithra R

April 26, 2021

  • Mastercard
  • Panama

Mastercard signs digital country partnership with PanamaMastercard has announced partnering with the Panamanian Government in the development of the government’s digitization agenda, providing its knowledge and experience as an innovative leader in payments, digital infrastructure, security, and solutions for cyber fraud.

Through the collaboration, Mastercard will support the government’s efforts to provide training and continuous education to its citizens and small business owners.

“At Mastercard, we know the power and economic value of digital payments, especially at a time when Panamanians require flexible financial tools that empower them to boost their businesses amidst digital transformation. This partnership, the first of its kind in Latin America, will combine Mastercard’s capabilities and experience as an industry leader, to drive a program that facilitates digital acceleration in areas such as commerce, social benefit sharing, transportation, tourism, and economic development for small and medium-sized companies, thus creating a future in which technology acts as an inclusive enabler of national progress,” said Michael Froman, Vice Chairman and President of Strategic Growth for Mastercard.

The agreement describes a series of initiatives focused on digitizing payments, financial inclusion, and economic development, with programs that include direct benefits for its citizens. The company is committed to working with the Panamanian Government Innovation Authority (AIG), to provide access to cybersecurity solutions and Mastercard Digital ID, as well as to create an education strategy for the national cybersecurity plan.

“Mastercard is committed to Panama because we understand the significant progress made in digital government through the implementation of initiatives for the simplification, standardization and modernization of government processes. Our contribution by promoting electronic payments helps strengthen the economy through the introduction of efficient and reliable financial inclusion solutions with tangible benefits for citizens.” said Germán Rosón, Mastercard Country Manager for Panama and El Salvador.

Previous Article

April 26, 2021

Wirex and Snowdrop roll out location-enriched transaction services

Read More
Next Article

April 27, 2021

Upskills partners with Alveo to help APAC financial firms handle data management

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024


Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

Payset and ClearBank partner for local and cross-border payments

Read More

July 12, 2024

Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024