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November 11, 2020

Mastercard Expands Efforts to Help Over 500 Cities Build More Inclusive and Sustainable Communities.

Mastercard City Possible

Mastercard City Possible, Wellington


Photo: Wellington, New Zealand. Wellington has joined City Possible.

Purchase, NY | November 10, 2020 — Mastercard today announced expanding its City Possible™ network and capabilities, whose unique solutions now reach over 500 communities in over 50 countries worldwide. The partnership framework focuses on building more inclusive and sustainable cities by increasing access to city services, expanding urban mobility solutions, and informing an inclusive recovery through data-driven insights.

Since debuting with just 16 founding members in November 2018, City Possible has expanded to 220 city members and candidate cities. City Possible welcomed Los Angeles, New York City, London, and Hamilton, CAN to the growing community, with an additional 320 towns leveraging best in class transit solutions. The network also welcomed Digital Main Street, a Canadian organization that partners with over 500 cities across Canada to help main street small businesses in those communities achieve digital transformation.

City Insights: A marketplace for cities and partners

The network will feature a reimagined digital marketplace that provides access to different tools and partner solutions in a unique new store-like experience. A new feature is specific sentiment analysis data provided by ZenCity, a City Possible partner and graduate of Mastercard’s Start Path program. Access to data-driven insights has proven critical for informing response to the pandemic, with Mastercard’s data tools currently supporting over 50 state and local governments through Mastercard’s Recovery Insights initiative, Mastercard said.

“COVID-19 has accelerated the demand for an enhanced digital experience that would provide network members access to multiple data sources, insights services, and tools,” commented Miguel Gamiño, Executive Vice President and Head of Global Cities at Mastercard. “As we continue to grow our network, we will continue to scale our capabilities, leveraging the insights from city leaders to build solutions that enable them to serve their communities inclusively.”

City Key: Expanding Access to City Services

Initially launched in 2019, Mastercard City Key™ is now live in over 25 communities. This solution allows each municipality to combine identification, access to city services, and payment functionalities into one tool. As a result, residents can have one digital solution to pay bills, access city services, and pay for public transit.

Recent deployments include:

“We are thrilled to be partnering with City Possible and city leaders in the network to expand the functionalities of City Key,” said Wole Coaxum, Founder and Chief Executive Officer of Mobility Capital Finance. “It’s an innovative way of turning financial services into infrastructure for cities. City Key makes financial services a part of the “plumbing” that drives efficiency, drives safety, drives security, and drives inclusion.”

Mastercard plans to further evolve the initiative beyond the City Possible network by providing “converged card” solutions to state departments of motor vehicles in the United States in partnership with IDEMIA. IDEMIA’s Converged Card solution combines a state-issued driver’s license or I.D. with a payment card and drives financial inclusion for unbanked and underbanked communities.

Transit Partner Program & Integrated Mobility: Keeping Cities Moving for Everyone

Leveraging the Transit Partner Program, Mastercard has expanded best in class transit solutions to over 330 cities worldwide by working with transit operators, service providers, and technology partners across the globe to expedite and scale solutions faster than ever before.

As cities evolve public transit systems due to ongoing health concerns, Mastercard develops digital solutions for them. The answers are focused on meeting the increased demand for contactless payments, mobile ticketing, and integrated transit apps, allowing cities to gain insight into ridership and utilization. In Sydney, Mastercard recently announced the expansion of its partnership with Transport for New South Wales to pilot a digitized Opal Card, enabling a seamless payment experience across transportation modes, Mastercard elaborated.

Source: Mastercard


Mastercard Transit and Mobility Solutions

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Edited & Posted by the Editor | 4:37 AM | Link to this Post

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