Recently, along with Mastercard, Microsoft has announced a collaboration to architect the future of digital commerce, enable financial inclusion, and drive innovation for startups. The main motto behind the collaboration is to propel the cloud-native R&D of Mastercard, and also enable the AI and Azure, to upgrade the mission of Mastercard Labs to commercial emerging platforms and technologies for the digital commerce. Mastercard’s partners will now have access to the cutting-edge technologies, and technical expertise of Microsoft to scale up its solutions securely. Executive vice president and head of Mastercard Labs, Ken Moore stated that very much thrilled to deepen their relationship with Microsoft and use their expertise to advance R & D and scale new business models and technologies.
The new strategic partnership will strengthen Mastercard’s cloud and extend its capabilities for fintech partners and clients. The opportunity to collaborate with Microsoft will expand Mastercard’s client base and help them build the future of commerce. Executive vice president of Microsoft, Judson Althoff, stated that Mastercard’s commitment to financial inclusion and innovation had propelled the growth of digital commerce for businesses and individuals globally. Microsoft is also looking forward to co-innovate and build a strong relationship with Mastercard to power the digital economy.