The Central Reserve Bank of El Salvador and Mastercard announced the signing of a memorandum of understanding focused on advancing payments digitalisation, financial inclusion and technological innovation in El Salvador. The cooperation aims to speed up the development of the country’s digital payments ecosystem by modernising payments infrastructure and supporting the integration of micro and small merchants. Under the agreement, Mastercard will work with the central bank to identify opportunities for technical assistance and access to solutions, structured around two workstreams: financial inclusion, including wider acceptance of formal financial services and the use of digital payment tools, accessible financing and financial education for merchants; and knowledge transfer, including sharing technology, experience and best practices with ecosystem participants such as businesses, government, consumers, fintechs and financial institutions.
Central Reserve Bank of El Salvador 2025-06-13
Central Reserve Bank of El Salvador signs memorandum with Mastercard to accelerate payments digitalisation and financial inclusion
The Central Reserve Bank of El Salvador and Mastercard have signed a memorandum of understanding to enhance payments digitalisation, financial inclusion, and technological innovation in El Salvador. The partnership will focus on modernising payments infrastructure and integrating micro and small merchants, with workstreams on financial inclusion and knowledge transfer.