Promoting Inclusive Markets and Financial Systems
The MasterCard Foundation
The MasterCard Foundation advances microfinance and youth learning to promote financial inclusion and prosperity. Through collaboration with committed partners in 48 countries, The MasterCard Foundation is helping people living in poverty to access opportunities to learn and prosper. An independent, private foundation based in Toronto, Canada, it was established through the generosity of MasterCard Worldwide at the time of the company’s initial public offering in 2006.
This case study considers the role that financial education for youth can play in scaling up youth
financial services by examining the experiences of Hatton National Bank in Sri Lanka and XacBank in
Mongolia. Although these institutions differ on many levels, they have both found that financial education
for youth can help with their dual missions of business growth and corporate social responsibility.
By examining the different financial education programs of these two banks, including best practices in
design and delivery, a link between youth financial education and scaling up is explored.
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