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Cover story: Mastercard’s regional head on developing a financially equitable future
In this exclusive interview, Raghu Malhotra, president of Mastercard Middle East and Africa speaks of the importance of financial inclusion, of leveraging key technologies and offers advice to leaders on handling a crisis
by Zainab Mansoor
July 25, 2021
Harbouring a vision of a financially inclusive, digitalised society and working relentlessly towards realising this mammoth task are two distinct realities. Raghu Malhotra, president for Middle East and Africa (MEA) at technology giant Mastercard, has the unique opportunity of not just having that vision, but also bringing it to life.
“We want to get one billion people financially included into the formal economy by 2025,” says Malhotra, who is currently overseeing the company’s growth strategies across 69 countries. That the Covid-19 pandemic and its economic implications left the world reeling is nothing new. In the weeks and m
DubaiDubayyUnited-arab-emiratesNigeriaRaghu-malhotraMastercardAirtelMcafeeDubai-international-financial-centreMiddle-eastNew-payments-indexCyber-securePublished July 8, 2021, 8:33 AM
Mastercard today announced that Netbank, the Philippines’ first Banking-as-a-Service platform (BaaS), will join its Fintech Express program, giving the regulated Filipino bank access to a vast range of Mastercard’s digital-first products and enabling it to issue debit and credit cards under its partners’ brands.
Netbank is geared towards accelerating the digitalization of its customers including financial institutions, payment companies, neo-banks, domestic fintechs and even non-bank businesses offering a full range of white-labelled banking services to institutions that are migrating to digital. Through its services, Netbank enables Filipino fintechs to scale, supports overseas fintechs to rapidly bring their products to the Philippines, and aids traditional lenders by providing digital financial services to their customers.
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