Mastercard Academy has introduced Master Your Card: Finance Demystified, a free online course designed to equip individuals with essential financial skills. Developed in collaboration with the Mastercard Center for Inclusive Growth, the course aims to simplify personal finance concepts and enhance financial well-being globally.
A recent S&P Global FinLit Survey reveals that only 33% of adults worldwide—35% of men and 30% of women—are financially literate, leaving around 3.5 billion people, predominantly in developing economies, without basic financial knowledge.
Mastercard’s initiative breaks down geographical barriers to financial education, aligning with its mission to connect one billion people to the digital economy by 2025.
The course features interactive lessons, quizzes, and real-world examples across four critical topics: electronic payments, budgeting, credit scores, and financial security. By offering accessible and engaging content, Mastercard reinforces its commitment to driving economic empowerment and fostering financial inclusion on a global scale.
“At Mastercard, we are dedicated to democratizing financial literacy and ensuring that everyone has access to the tools they need to achieve their financial goals. Our new free online course removes the confusing jargon and cracks the code on everyday finances. This way, it equips individuals, particularly those in underserved communities and young adults, with the knowledge and tools needed to manage their personal finance with confidence, achieve their financial goals and avoid common financial pitfalls,” said Driss Belemlih, Executive Vice President of Customer Delivery, EEMEA at Mastercard.
Additionally, Mastercard’s customers can leverage the free access to the course to reach the unbanked, youth and gig worker segments in their regions, helping integrate them into the digital economy and establish brand affinity early on.
A report published in The World Bank Economic Review shows that individuals who participate in financial education programs are likely to see a significant improvement in their financial knowledge and adopt more positive financial behaviors.
Mastercard Academy offers access to on-demand and instructor-led training from over 200 experts across Mastercard’s global network. Their comprehensive online learning platform equips the company’s customers and partners – and now also the public – with professional insights, skills and knowledge they need to succeed in the world of payments.
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