Mastercard, a provider of financial services, has teamed up with Fasset, a developer of crypto gateways, to create digital solutions that could accelerate <a href="https://www.cryptoknowmics.com/news/binance-ceo-president-of-cote-divoire-discuss-crypto-adoption-in-africa/" target="_blank" rel="noopener">adoption</a> in Indonesia jointly. The partnership seeks to increase financial inclusion in the nation and open up new opportunities for the local economy.
<h2>Mastercard to Assist Fasset for Financial Inclusion Promotion</h2>
Navin Jain, the national manager for Mastercard Indonesia, stated that the company would assist Fasset in its efforts to promote financial inclusion in the nation. Jain claims that the alliance will increase communities' access to modern technologies. An executive at Fasset named Hendra Suryakusuma told that 92 million people in Indonesia are unbanked. Suryakusuma claims that Fasset and Mastercard will close this gap to improve access to digital financial services. Suryakusuma clarified:
<blockquote><em>"Our partnership seeks to lower the barriers to digital finance and drive greater opportunities to benefit from the use of emerging financial services."</em></blockquote>
<h2>Mastercard Teamed Up With NFT Marketplace</h2>
Mastercard widened its network in June to include non-fungible token (NFT) marketplaces. The payment processing company teamed up with NFT marketplaces to enable cardholders to buy <a href="https://www.cryptoknowmics.com/news/motorcycle-brand-ducati-set-to-launch-nfts-on-ripples-xrp-ledger/" target="_blank" rel="noopener">NFTs</a> directly with their cards, doing away with the requirement first to purchase cryptocurrency.

During a discussion on central bank digital currencies in May, Michael Miebach, CEO of Mastercard, made the audacious forecast that the cross-border transaction platform <a href="https://www.swift.com/" target="_blank" rel="nofollow noopener">SWIFT</a> might no longer exist in 5 years (CBDCs). After the panel, a Mastercard representative stressed that it's not a yes-or-no question but rather a reiteration of SWIFT's earlier claims that its business practices will eventually change.

Mastercard Collaborates With Fasset To Promote Financial Inclusion

Mastercard has teamed up with the crypto exchange Fasset to create digital solutions that could accelerate adoption in Indonesia jointly.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Mastercard Collaborates With Fasset To Promote Financial Inclusion

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