Mobile platforms driving social and financial
inclusion
At the Clinton Global Initiative (CGI) Annual Meeting closing
plenary, Tata Communications and MasterCard announced a CGI
Commitment to Action to financially empower 25,000 women in the
developing world, part of a larger vision to ultimately reach 100
million women. The global telecommunications leader and the leader
in global payments technology join forces with a unique network of
partners including Brightstar Corp, Kiva, Tone, Trickle Up and the
Hidary Foundation to bring their shared vision to life over the
next five years through access to transformative mobile platforms
comprising a range of financial, health and education applications
and services.
“Three billion people will come online over the next decade
primarily from the developing world. We now have our generation’s
greatest opportunity to unshackle women from endless cycles of
poverty and dependency by providing them with access to information
and economic opportunities,” said Rangu Salgame, CEO, Growth
Ventures Group, Tata Communications. ”With this program, Tata
Communications and MasterCard are embarking on a journey to harness
the long-term potential of the next 3 billion online.”
In developing countries, 200 million fewer women than men are
online, and 300 million fewer women own a mobile phone1. Yet,
research also shows that the impact of empowering women financially
is tremendous starting with their ability to raise the living
standard of the entire household given that they are more likely to
spend their income on establishing healthier and sustainable
lifestyles for their families.
“Two billion adults globally, the majority of them women, still
don’t have a safe and easy way to receive, store and use their
money,” said Walt Macnee, vice chairman of MasterCard. “We see an
opportunity and responsibility to empower women with access to
and control over their finances through digital financial tools. By
financially including women around the globe, we take an important
step towards poverty alleviation, equality and economic
prosperity.”
Tata Communications, MasterCard and its network of partners will
realize this vision by taking a non-linear implementation approach
as is often taken in the technology sector. The program will
kick-off with pilot projects in India, Nigeria, Indonesia and
Guatemala, targeting 25,000 women, serving as microcosms. The
replication of these microcosms will enable scale with a vision to
reach 100 million women by 2020.
Please find more information at:
Next3B Website: www.Next3B.com
Video: https://youtu.be/BBo8D8HNBGI
Twitter hashtags: #Next3B and #100millionwomen
About Tata Communications
Tata Communications Limited (CIN no: L64200MH1986PLC039266)
along with its subsidiaries (Tata Communications) is a leading
global provider of A New World of Communications™. With a
leadership position in emerging markets, Tata Communications
leverages its advanced solutions capabilities and domain expertise
across its global and pan-India network to deliver managed
solutions to multi-national enterprises, service providers and
Indian consumers.
The Tata Communications global network includes one of the most
advanced and largest submarine cable networks and a Tier-1 IP
network with connectivity to more than 240 countries and
territories across 400 PoPs, as well as nearly 1 million square
feet of data centre and collocation space worldwide.
Tata Communications’ depth and breadth of reach in emerging
markets includes leadership in Indian enterprise data services and
leadership in global international voice.
Tata Communications Limited is listed on the Bombay Stock
Exchange and the National Stock Exchange of India.
http://www.tatacommunications.com
Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata
Communications and its prospects, and other statements, including
those relating to Tata Communications’ expected financial position,
business strategy, the future development of Tata Communications’
operations, and the general economy in India, are forward-looking
statements. Such statements involve known and unknown risks,
uncertainties and other factors, including financial, regulatory
and environmental, as well as those relating to industry growth and
trend projections, which may cause actual results, performance or
achievements of Tata Communications, or industry results, to differ
materially from those expressed or implied by such forward-looking
statements. The important factors that could cause actual results,
performance or achievements to differ materially from such
forward-looking statements include, among others, failure to
increase the volume of traffic on Tata Communications’ network;
failure to develop new products and services that meet customer
demands and generate acceptable margins; failure to successfully
complete commercial testing of new technology and information
systems to support new products and services, including voice
transmission services; failure to stabilize or reduce the rate of
price compression on certain of the company’s communications
services; failure to integrate strategic acquisitions and changes
in government policies or regulations of India and, in particular,
changes relating to the administration of Tata Communications’
industry; and, in general, the economic, business and credit
conditions in India. Additional factors that could cause actual
results, performance or achievements to differ materially from such
forward-looking statements, many of which are not in Tata
Communications’ control, include, but are not limited to, those
risk factors discussed in Tata Communications Limited’s Annual
Reports. The Annual Reports of Tata Communications Limited are
available at www.tatacommunications.com. Tata Communications is
under no obligation to, and expressly disclaims any obligation to,
update or alter its forward-looking statements.
About Mastercard
MasterCard (NYSE: MA), www.mastercard.com, is a
technology company in the global payments industry. We
operate the world’s fastest payments processing network,
connecting consumers, financial institutions, merchants,
governments and businesses in more than 210 countries and
territories. MasterCard’s products and solutions make everyday
commerce activities – such as shopping, traveling, running a
business and managing finances – easier, more secure and more
efficient for everyone. Follow us on
Twitter @MasterCardNews, join the discussion on the
Beyond the Transaction Blog and subscribe for
the latest news on the Engagement Bureau.
About TrickleUp
Founded in 1979, Trickle Up’s (TU) singular focus is unleashing
the potential of the poorest, hardest to reach women on earth,
people not otherwise served by government or nonprofits. TU has
provided hundreds of thousands of women with business training,
seed capital to start or expand a business, and guidance on how to
set up and manage a savings group. Trickle Up works in West Africa,
North Africa, India and Latin America, with regional offices
located in Guatemala, Burkina Faso and India, and headquarters in
New York City. http://trickleup.org/
About Kiva
Kiva is the world’s first and largest crowdfunding platform for
social good with a mission to connect people through lending to
alleviate poverty. By lending as little as $25, anyone can help a
borrower start or grow a business, go to school, access clean
energy and realize their potential. Since 2005, Kiva and their
growing global community of 1.4 million lenders have crowdfunded
more than $750 million in microloans to over 1.6 million
entrepreneurs in 80 countries, with a 98% repayment rate.
http://www.kiva.org/
About Brightstar
Brightstar, a SoftBank Group Corp. subsidiary, is the world’s
largest specialized wireless distributor and a leading provider of
diversified services focused on enhancing the performance and
results of the key participants in the wireless device value chain:
manufacturers, operators and retailers. With a local presence in 50
countries, Brightstar operates in about 100 countries across six
continents and serves 200 mobile network operators, 40,000
retailers, and 15,000 enterprise customers. Brightstar brings it
global scale and position at the center of the wireless ecosystem™
to the commitment.
About Tone
Tone is a mobile communications company. Our mission is to
increase access to mobile broadband by enabling people to better
afford and control their content. We achieve this by marketing
mobile data plans with local mobile operators around the world.
Tone's data plans are affordable to the base of the pyramid and
compelling to upscale subscribers. Helping to meet the
Sustainable Development Goals, we work with local partners to
develop and augment development programs by designing and
distributing “activation" kits with phones, a data plan, compelling
mobile content and a data collection module. Current program pilots
are in the areas of women’s empowerment and ocean
protection.
About the Clinton Global Initiative
Established in 2005 by President Bill Clinton, the Clinton
Global Initiative (CGI), an initiative of the Clinton Foundation,
convenes global leaders to create and implement solutions to the
world's most pressing challenges. CGI Annual Meetings have brought
together 190 sitting and former heads of state, more than 20 Nobel
Prize laureates, and hundreds of leading CEOs, heads of foundations
and NGOs, major philanthropists, and members of the media. To date,
members of the CGI community have made more than 3,200 Commitments
to Action, which have improved the lives of over 430 million people
in more than 180 countries.
In addition to the Annual Meeting, CGI convenes CGI America,
a meeting focused on collaborative solutions to economic recovery
in the United States; and CGI University (CGI U), which brings
together undergraduate and graduate students to address pressing
challenges in their community or around the world. This year, CGI
also convened CGI Middle East & Africa, which brought together
leaders across sectors to take action on pressing social, economic,
and environmental challenges.
For more information, visit clintonglobalinitiative.org and
follow us on Twitter @ClintonGlobal and Facebook at
https://www.facebook.com/clintonglobalinitiative
1 No Ceilings: The Full Participation Report, March 2015
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version on businesswire.com: http://www.businesswire.com/news/home/20150929006949/en/
Tata CommunicationsNatalie Chak, +44 (0)7833 043
779natalie.chak@tatacommunications.comorHill & Knowlton
StrategiesNeil Thomas, +44 (0)20 7416
3000Neil.Thomas@hkstrategies.com
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