Mastercard and Southeast Asian superapp Grab announced a regional partnership to provide millions of informal workers and small businesses on the latter’s platform access to digital upskilling opportunities
This push to advance digital and financial inclusion in the region aims to create more pathways and income opportunities for them.
The Mastercard-Grab partnership looks to grant underserved communities access to core digital, financial and business skills to help them better manage their finances and businesses, and participate fully in the digital economy.
The scope of the two-year partnership includes bespoke training tools for informal workers and small businesses.
Mastercard and Grab are co-creating three different training programs – Small Business Training, Driver Entrepreneurship Training and Driver Financial Literacy Training – targeted at Grab’s driver, delivery and merchant partners.
The programs will be progressively rolled out across the region from Q42021, starting with a few launch markets. Grab’s partners can access these programs for free through the Grab Driver and Merchant apps.
The partnership will also be upskilling digital talent access in Indonesia 10-week cybersecurity certification programme to Grab’s driver-partners and their family members that started in August 2021.
Additionally, Mastercard has joined Grab’s recently established Tech for Good Institute as an advisory board member.
The institute seeks to work with the public and private sectors to harness technology for good to support the region’s growth and development.
“Southeast Asia is at an economic turning point. For growth across much of the region to be truly inclusive, it’s important to proactively ensure that the private sector is helping to upskill people from all walks of life.
Grab has extensive reach in Southeast Asia, and Mastercard is exceptionally proud to be working with a partner that is equally deeply committed to using that reach to provide economic opportunity.”
said Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows, Asia Pacific, Mastercard.
“Through partnerships with leading companies like Mastercard, we can bring high-quality training programs to millions of people and businesses on our platform.
We truly believe that this partnership has the potential to unlock economic growth in communities across the region,”
said Cheryl Goh, Group Head of Marketing and Sustainability, Grab.
Featured image: Edited from Pixabay