- Mastercard (NYSE:MA) announces a new partnership with HSBC Holdings (NYSE:HSBC) to accelerate sustainable urban development through, City Possible.
- City Possible works to foster collaboration and co-creation, drive inclusive economic development, and build more resilient communities.
- The partnership will initially focus on:
- How cities and their suppliers are adjusting to COVID-19.
- The expansion of the network to include more of the locations and business clients that provide city systems and urban services.
- Greater interaction between business clients and government entities to drive innovation and spur demand for green financing.
- Also, this fall, the Companies are collaborating on a joint webinar series which will explore the impact of digital transformation and sustainable development on urban centers. The first webinar – ‘Urban tech and digital economies fit for the future’ – will take place tomorrow from the UAE.
- “This is about doing what we can right now to set people up for success in the long run,” commented Ajay Banga, CEO at Mastercard. “When cities are built to help people thrive, the world thrives," he added.