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Mastercard forms alliance to accelerate financial inclusion in Latam | Business | English edition

Mastercard forms alliance to accelerate financial inclusion in Latam | Business | English edition

Mastercard announced on Thursday an alliance with five leading financial services and technology companies in Latin America to accelerate digital and financial inclusion in a region where almost half of the adult population is unbanked.

“It is an unprecedented private sector agreement,” Kiki del Valle, Senior Vice President, Digital Partnerships, Mastercard Latin America and Caribbean, told Efe in reference to the “Tech for Good Partnership” alliance stemming from the company’s long-standing commitment to financial inclusion.

Del Valle said the multinational is guided by its principle that “doing good has positive results for business,” and added that she believed financial inclusion benefits society, as it strengthens the formal economy and creates job opportunities.

“Technology has the power to change the reality of millions of people and companies that are not prepared to face current challenges,” said Carlo Enrico, president of Mastercard Latin America and the Caribbean.

Enrico stressed the importance of uniting “the best minds, resources and efforts with a singular focus: to build an inclusive economy in the region. This can be a game changer for many.”

Mastercard sought this joint effort with Bancolombia, Banco Galicia and Citibanamex, and the fintech companies Mercado Libre and PayPal, aware that the private sector needs to and can do more to drive innovation for those outside the financial system.

They will pool their technology and knowledge so that no one is left behind in the digital economy, said Del Valle.

It also frees thousands of people from having to rely on non-formal moneylenders and remittance services, she added.

According to data from 2017, 45% of the Latin American adult population, which is equivalent to 200 or 220 million people, did not have bank accounts.

Only Africa has a lower bankarization rate.

AN ALLIANCE FOR GOOD

Although it has its own independent entity, the

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Hudson’s Bay Taps Moschino Creative Director Jeremy Scott To Design Limited Edition Collaboration

Hudson’s Bay Taps Moschino Creative Director Jeremy Scott To Design Limited Edition Collaboration

Link to High-Res Collection Images

TORONTO, Oct. 6, 2020 /CNW/ — One of the world’s most recognizable luxury brands, Moschino, led by Creative Director Jeremy Scott, introduces a limited-edition collaboration with Hudson’s Bay in celebration of the company’s 350th anniversary. Inspired by the iconic Hudson’s Bay signature stripes, distinctive Moschino Couture pieces from the label’s core collection are reimagined through the lens of the classic HBC red, green, yellow and indigo. Anchored by the premium wool Moto Jacket, the eleven-piece collection features street-style staples like loungewear, a keyring, belt, t-shirt, dress, waist bag and Moschino’s Moto Jacket Shoulder Bag enveloped in HBC Stripes. The luxury collaboration will arrive at select Hudson’s Bay stores and thebay.com on October 6.

“The Room at Hudson’s Bay has always been a destination for customers to find the most coveted designs from around the world,” says Tyler Franch, VP, Fashion Director, Hudson’s Bay. “This collaboration is the perfect marriage of Jeremy Scott’s avant-garde and forward design aesthetic, with our famous Point Blanket fabrications that are rooted in Hudson’s Bay Company’s 350-year history.”

“I am thrilled to celebrate Hudson’s Bay Company’s 350th anniversary with this collaboration merging together their iconic striped planet with my Moschino world!,” says Jeremy Scott, Creative Director, Moschino Couture.

The collection is made in Italy and designed exclusively for Hudson’s Bay and thebay.com retailing from $185$1695 CAD.

Collection Pieces:

350th Anniversary Wool Moto Jacket (Men’s/Women’s) – $1495
Wool cloth moto jacket with Stripes pattern. Gold-toned hardware with zip closure at front, a zipped pocket diagonally placed across left breast with three-quarter zip closure at wrists. Adjustable logo belt closure at waist. Unique Hudson’s Bay Company + Moschino Couture collaboration logo embroidered on reverse.

Calf Leather Waist Bag – $945
Soft calfskin macro belt bag

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