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09.07.2020 / 18:02

₹250 cr to help Indian SMEs amid COVID-19 crisis

Mastercard on Thursday announced an additional ₹250-crore investment to help small businesses in the country, amid the COVID-19 pandemic.The investment, which is over and above the USD 1 billion committed for the Indian market till 2025, will be focussed on helping small businesses go digital, making access to credit easier and also supporting women entrepreneurs, its division president for South Asia Porush Singh said.He said the company is making the investment as part of a global commitment of USD 250 million (roughly ₹1,875 crore) following the COVID-19 pandemic.Singh said the company has a target to equip 1 crore merchants in India with digital payment acceptance capabilities.

India covid-19 president pandemic crisis

'Digital payments saw monumental revolution in the wake of covid-19'

Porush Singh of Mastercard, talks about what this means for the digital payments industry and how new-age technologies such as AI and machine learning can revolutionize the way security and accessibility are managed

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