Mastercard's Lighthouse MASSIV

Published on September 15, 2022
Current Context: Mastercard announced its partnership with the United Nations Development Program on its Lighthouse Make And Scale Social Impact Vision (MASSIV) program.
Mastercard's Lighthouse MASSIV
  • It is a free-of-charge startup partnership program that is dedicated to helping one billion (100 Cr.) people and making their lives more prosperous and secure by 2025.
  • To achieve the goals set by Agenda 30, Mastercard and the UNDP will focus on financial inclusion and sustainable growth.
  • The startup, through its innovative and all-board approach, will aim to solve some of the most complex global challenges, including poverty, climate change, and social and economic exclusion.
  • Static Part: 
    • Mastercard is an American financial services company that was established in 1966 with its headquarters in Purchase, New York. The current CEO of the company is Michael Miebach. Mastercard's Lighthouse MASSIV was launched in 2019.
    • UNDP is a part of the United Nations Sustainable Development Group (UNSDG) which was formed in 1965 with its headquarters in New York. The main objective of the UNDP is to assist developing and the least developed countries with poverty reduction and sustainable growth.

Question: 

Ques.1: Lighthouse MASSIV is a program launched by:
A. VISA
B. Mastercard
C. RuPay
D. American Express

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