
Fundraising efforts
MasterCard has announced that major Middle Eastern retailer Lulu Hypermarket and Auchan Italy have become the latest partners in MasterCard’s campaign in support of fundraising efforts for the United Nations World Food Programme (WFP). Through these fundraising campaigns, MasterCard is leveraging its network, tools and marketing expertise to enable brands and consumers to connect and engage with the issue of hunger worldwide. The campaign simplifies the donation process and provides retailers and consumers more options in how to donate to WFP.
These announcements represent the latest retailers to partner with MasterCard to make donating to WFP easier, and help consumers to do good while going about their daily lives. “These programmes help people help others as they shop, which is an incredibly powerful way to help WFP in their fight against world hunger,” said Ann Cairns, President of International Markets, MasterCard. MasterCard has donated over 1.4 million meals to WFP through similar partnerships in Germany, Poland, Sweden, and the Netherlands.
MasterCard is also launching a new Contactless donation campaign with Auchan in Italy at their hyper-markets in the Lombardy region. For every customer who uses a MasterCard or Maestro contactless card to make a purchase, MasterCard will donate a WFP school meal for a child in Africa.
“Consumers are being increasingly drawn to companies that care. Through these new retail partnerships we’re announcing today we continue to demonstrate just how powerfully WFP’s mission resonates with both retailers and shoppers,” said Ann Cairns, President of International Markets, MasterCard. “By integrating the opportunity to give at the point of purchase we are able to leverage our existing partnerships to drive innovative and inclusive fundraising at point of purchase, as part of our broader partnership with WFP, are a great way for MasterCard to use its network of merchants and consumers to work towards achieving our shared goal of a world without hunger.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more