Nubank and Mastercard Exclusive Study Reveals Path to Advancing Beyond Access Toward Financial Health [Yahoo! Finance]
Mastercard Incorporated (MA)
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Source: Yahoo! Finance
Mastercard NORTHAMPTON, MA / ACCESSWIRE / April 18, 2024 / Today, Nubank and Mastercard released findings from a study measuring the financial inclusion impact on individuals, including some who have historically been on the margins of the traditional banking system in Brazil. The study provides a view of customers' experiences accessing and using financial solutions and tools, and the impact of those experiences on their ability to advance toward financial security and health. The four-part framework used in the study - access, usage, security, health - illustrates the holistic, non-linear journey of financial inclusion. While the study was developed in Brazil, the methodology allows the insights to potentially be applied in other countries around the world. The study, which analyzed consumer behaviors and needs through pseudonymized and aggregated quantitative data and qualitative surveys with Nubank's customers and non-customers, suggests that Brazil stands out in Latin Americ
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