Recently, the head of the MasterCard in Indonesia, Navin Jain, announced the financial firm is ready to partner with Fasset. The two firms aimed at improving the success rate by creating more financial involvement from Indonesians.
MasterCard and Fasset Joined Hands Together
According to reports, Fasset, a crypto solution provider, has been aiming to improve the rate of Indonesians that are included in finances. To facilitate the process, MasterCard has decided to join hands with the crypto firm.
The two firms now aimed at encouraging financial inclusion and also spreading financial services to every locality in the country. In a broadcast, Jain stated that MasterCard is ready to support Fasset in all areas in order to achieve its goal.
He added that the financial firm is interested in making digital technologies more accessible to the unbanked in the country. Speaking in an interview, Fasset’s spokesman, Hendra Suryakusuma, said that 92 million Indonesians do not have access to the bank.
He added that the two firms planned to jointly fill in the gap by offering digital financial services to them. He continues that they are working on making digital finances more accessible to everyone.
They also aimed at offering them chances to benefit from the fast-rising financial technology space. Furthermore, Suryakusuma opined that if Indonesia should adopt cryptocurrency into its financial system, the country would benefit a lot.
MasterCard Continues To Increase Its Scope In The NFT Space
In addition, he believed that the entire crypto industry too would benefit from the impact of the adoption. Explaining further, he said the act would encourage other countries to follow suit and adopt crypto too.
He said when they do, the crypto industry would have legal backings for its tokens, utility cases, etc. In recent times, MasterCard continued to dive deeper into the non-fungible token space.
The popular payment platform collaborated with several marketplaces recently. This made it possible for its cardholders to buy and sell NFTs on different marketplaces without using cryptos.
They can simply do so by funding their MasterCards with enough credit and presenting it to the merchant handling payment. Additionally, Michael Miebach, the current head of MasterCard, predicted that SWIFT may stop functioning in the next five years.
He explained further that his prediction was based on the confession earlier made by the CEO of SWIFT. Miebach continued that SWIFT had previously said that its operations would soon evolve from the current one. SWIFT is a transaction platform that allows people to make cross-border payments for goods and services.