Mastercard Incorporated MA recently partnered with the leading global banking and financial services provider, HSBC Holdings plc HSBC. The tie up has paved the way for HSBC to join the City Possible network, which is pioneered by Mastercard.
Notably, collaboration forms the crux of the City Possible network, where members jointly codevelop innovative solutions for promoting sustainable urban development. The network utilizes collective resources and expertise of all its stakeholders to address prevalent urban challenges.
While HSBC is the latest addition to the City Possible network, other notable partners include the Technology and Entrepreneurship Center at Harvard University (TECH), Lyft, Inc. LYFT, IDEMIA, Here Technologies, Deep Labs and Willis Towers Watson WLTW.
Concurrent with the addition of HSBC, the Singapore Tourism Board (STB) became the first National Tourism Organisation to join the Mastercard’s City Possible network.
Coming back to the HSBC tie-up, this alliance intends to focus on promoting green