NORTHAMPTON, MA / ACCESS Newswire / November 24, 2025 / Originally published on The Straits Times
Access to capital is critical. But without a digital identity or proven credit history, many MSMEs struggle to secure loans, with up to 60 per cent of those in South-east Asia reporting difficulty in obtaining financing.
To meet this need, the Mastercard Impact Fund pledged US$5 million last year to unlock up to $1 billion in Asian Development Bank financing for MSMEs. This shows how relatively small commitments from the private sector can de-risk lending and spur a cycle of credit-building.
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Vice chairman and president of Mastercard Strategic Growth Jon Huntsman (second from left) and chairman of Asean Business Advisory Council Malaysia Tan Sri Nazir Razak (second from right) at the signing ceremony to host the Mastercard Asean Inclusive Growth Summit across South-east Asia over the next three years. PHOTO: MASTERCARD
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View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/asean-reimagined-how-innovation-connectivity-and-smes-are-driving-re-1106263