Mastercard has partnered with crypto gateway provider Fasset to co-develop digital solutions that may drive adoption in Indonesia. The collaboration aims to expand financial inclusion in the country and extend opportunities to its local economy.
In an announcement, Navin Jain, the country manager for Mastercard Indonesia, said that will support Fasset’s efforts to advance financial inclusion within the country. According to Jain, the partnership will help locals to have more access to digital technologies.
An executive at Fasset, stated that there is an unbanked population of 92 million in Indonesia. According to reports this gap will be bridged by Fasset and Mastercard to bring better access to digital financial services.
Apart from this, the executive also believes that crypto adoption in countries like Indonesia will also have a significant impact on the broader crypto ecosystem. He highlighted that it will serve as a reference for other countries to pursue progress and change the pace of economic growth.
Recently Mastercard expanded its network for NFT markets. The payment processing firm partnered with NFT marketplaces to allow its cardholders to purchase NFTs directly with their cards, eliminating the need to buy crypto before making NFT purchases.
