Fasset Technologies Limited (“Fasset”), a global digital asset gateway in the Middle East, announced a collaboration with global payments technology company, Mastercard, to expand financial capabilities in Indonesia and create economic opportunities for the underserved segment. This announcement follows Fasset’s $22 million Series A closing first reported in April.
Fasset and Mastercard will co-develop solutions to support and expand financial and digital capabilities across the country. As part of this, Mastercard will leverage its domestic and global insights to drive local adoption of new technologies that can improve access to critical financial services. Moreover, Fasset’s technological capabilities will help digitalize banking services for everyone.
“The world is changing at an unprecedented rate. With more people relying on digital assets and technologies to become resilient, there is a need for key players in the public and private sectors to come together to create solutions that can lead to new opportunities and solutions for wider financial inclusion. Mastercard is delighted to provide its solutions in digital payments and cyber-security for Fasset to support Indonesia’s efforts in financial inclusion and advance broader access to digital technologies”, said Navin Jain, Country Manager, Indonesia, Mastercard.
Fasset is focused on promoting “financial inclusion and democratizing access to opportunity by enabling a new wave of digital asset owners in our target emerging markets”, said Hendra Suryakusuma, Country Director, Indonesia, Fasset. “Asset ownership is the strongest way to power healthy livelihoods and economies. Digital asset-driven remittance corridors can unleash a new wave of socioeconomic prosperity through unique product offerings that we’re diligently building,” said Mr. Suryakusuma.
Fasset is investing in growing its digital products, developing training and education platforms to onboard the underserved segment to the formal economy. By working with Mastercard, Fasset will provide easy access to financial and digital tools that will help close the digital divide and improve the livelihood for communities.
About Fasset
Fasset is an internationally regulated Digital asset gateway that aims to connect the next billion to buy, sell, send and store digital assets such as bitcoin and real world asset tokens. Strategically situated within the world’s most valuable remittance corridor, Fasset brings easy, free, and frictionless access to digital assets, providing people in frontier markets with the knowledge and the tools to build a better future.
To learn more about Fasset, please visit https://www.fasset.io
About Mastercard
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
To learn more about Mastercard, please visit https://www.mastercard.com