Mastercard Academy, a leading provider of training solutions in the payments industry, has unveiled a new free online course called “Master Your Card: Finance Demystified”. Developed in partnership with the Mastercard Center for Inclusive Growth, the course aims to empower individuals with the financial knowledge needed to navigate personal finance tools and improve their overall financial well-being.
According to the latest S&P Global FinLit Survey, only 33% of adults worldwide are financially literate, with women lagging behind men at 30% and 35% respectively. This means that around 3.5 billion adults, mostly in developing economies, lack understanding of basic financial concepts.
Mastercard’s financial literacy program addresses this gap by removing geographical barriers and promoting greater access to financial education. It aligns with the company’s goal of connecting one billion individuals to the digital economy by 2025.
The engaging online course features interactive lessons, quizzes, and real-world examples across four key areas: electronic payments, budgeting, credit scores, and financial security. Available globally, the course underscores Mastercard’s commitment to empowering people and powering economies through education.
“At Mastercard, we are dedicated to democratizing financial literacy and ensuring everyone has access to the tools they need to achieve their financial goals,” said Driss Belemlih, Executive Vice President of Customer Delivery at Mastercard. “Our new free course removes confusing jargon and equips individuals, especially those in underserved communities and young adults, with the knowledge to manage their finances with confidence.”
Mastercard’s customers can also leverage the free course to reach unbanked, youth, and gig worker segments in their regions, helping integrate them into the digital economy and establish brand affinity early on. Studies show that financial education programs can significantly improve an individual’s financial knowledge and lead to more positive financial behaviors.
Mastercard Academy offers a comprehensive online learning platform that provides on-demand and instructor-led training from over 200 experts across the company’s global network. The platform equips Mastercard’s customers, partners, and now the public, with the professional insights, skills, and knowledge needed to succeed in the evolving payments landscape.
