Fasset Technologies Limited has partnered with Mastercard to expand financial services in Indonesia and create opportunities for underserved consumers The announcement follows Fasset’s $22 million Series A from this past April.
According to a statement from Fasset, the companies will join in digitizing banking services for everyone.
Fasset and Mastercard are expected to co-develop solutions to support and expand financial and digital capabilities across the country. Mastercard will leverage its domestic and global expertise to boost local adoption.
Navin Jain, Country Manager, Indonesia, Mastercard, stated:
“The world is changing at an unprecedented rate. With more people relying on digital assets and technologies to become resilient, there is a need for key players in the public and private sectors to come together to create solutions that can lead to new opportunities and solutions for wider financial inclusion. Mastercard is delighted to provide its solutions in digital payments and cyber-security for Fasset to support Indonesia’s efforts in financial inclusion and advance broader access to digital technologies.”
Hendra Suryakusuma, Country Director, Indonesia, Fasset, added that asset ownership is the strongest way to power healthy livelihoods:
“Digital asset-driven remittance corridors can unleash a new wave of socioeconomic prosperity through unique product offerings that we’re diligently building.”
Fasset is a regulated digital asset gateway that aims to connect consumers to buy, sell, send and store digital assets such as Bitcoin and real-world asset tokens.