At the Clinton Global Initiative (CGI) Annual Meeting closing plenary, Tata Communications and MasterCard announced a CGI Commitment to Action to financially empower 25,000 women in the developing world, part of a larger vision to ultimately reach 100 million women.
The global telecommunications leader and the leader in global payments technology join forces with a unique network of partners including Brightstar Corp, Kiva, Tone, Trickle Up and the Hidary Foundation to bring their shared vision to life over the next five years through access to transformative mobile platforms comprising a range of financial, health and education applications and services.
With this program, Tata Communications and MasterCard are embarking on a journey to harness the long-term potential of the next 3 billion online.
In developing countries, 200 million fewer women than men are online, and 300 million fewer women own a mobile phone.
Tata Communications, MasterCard and its network of partners will realize this vision by taking a non-linear implementation approach as is often taken in the technology sector. The program will kick-off with pilot projects in India, Nigeria, Indonesia and Guatemala, targeting 25,000 women, serving as microcosms. The replication of these microcosms will enable scale with a vision to reach 100 million women by 2020.
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