Mastercard Academy launches online course to empower people with essential financial skills
November 26, 2024 | Dubai, UAE
Course features interactive lessons, quizzes and real-world examples across electronic payments, budgeting, credit scores and financial security
Dubai, UAE; 26 November 2024: Mastercard Academy, one of the leading providers of world-class training solutions in the payments space, has unveiled a free online financial literacy course: ‘Master Your Card: Finance Demystified’. Designed in partnership with the team behind Master Your Card, the course aims to empower individuals with the financial knowledge needed to navigate complex personal finance tools and improve their overall financial well-being.
According to the latest S&P Global FinLit Survey, only 33% of adults – 35% of men and 30% of women – worldwide are financially literate. This means that around 3.5 billion adults, most of them in developing economies, lack an understanding of basic financial concepts.
Mastercard’s financial literacy program removes geographical barriers to financial education and promotes greater access to financial services in line with the company’s goal of connecting one billion individuals worldwide to the digital economy by 2025.
The engaging course features interactive lessons, quizzes and real-world examples across four key areas: electronic payments, budgeting, credit scores and financial security. Available worldwide, the new proposition underscores the importance of education in advancing Mastercard’s mission to power economies and empower people 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.
The ‘Master Your Card: Finance Demystified’ course is accessible here.
About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
