Mastercard, Resilient Cities to create urban centers

Mastercard has partnered with 100 Resilient Cities to help deliver payments infrastructure and technology solutions to simplify payment processes and make them more costeffective.

“In the face of rapid urbanization, removing cash from the economy has been shown to create far-reaching and cumulative benefits to all – citizens, businesses, tourists and governments,” said Craig Driver, vice president, Government Services and Solutions for Mastercard.

Mastercard will work with 100RC to help cities understand the risks of a cash-based economy and the opportunities associated with converting to digital payments.

“Working with 100RC, we can tap into our expertise creating digital payment solutions for governments to help cities achieve greater cost-savings and efficiencies, drive revenue, reduce crime, establish digital identities for their citizens, expand financial inclusion and improve overall quality of life.”

” The complex problems facing cities in the 21st century require thinking and partnerships from experts across all sectors,” said Michael Berkowitz, president of 100 Resilient Cities.

“Mastercard is uniquely positioned to assist 100RC members build efficiencies in their local economies and create cities better able to thrive and withstand both sudden and long-term disasters,” Berkowitz added.

It is currently engaged with governments on more than 1,300 programs in more than 60 countries to reduce the reliance on cash and address payment needs such as social benefits, government payroll, procurement, government receipts, and transit among others.