Mastercard joins ID2020 Alliance to accelerates access to and adoption of digital identity solutions

Mastercard today announced that it will join the ID2020 Alliance, a global multi-stakeholder partnership dedicated to enabling everyone to have access to a viable and trusted form of legal identity.

“We share the belief with ID2020 that digital identity is a fundamental human right that each individual has control over; that digital identity is a crucial step towards financial inclusion and to building a world where technology empowers, enables and protects everyone,” said Ajay Bhalla, president, Cyber & Intelligence, Mastercard.  “We must work together to establish consistency and common standards across the globe that can make this a reality, addressing real challenges faced by people every day and sparking continued innovation.”

„Digital identity can be a powerful force multiplier to enhance social and economic opportunities for all people,” said ID2020 Executive Director, Dakota Gruener. “But to fully realize that potential, governments, technology companies, financial institutions and civil society must collaborate. We are delighted to welcome Mastercard to the ID2020 Alliance and applaud their commitment to privacy-protecting, user-centric digital identity.”

The collaboration with ID2020 builds on Mastercard’s commitment to improve how people manage and use their digital identity and follows the publication of the company’s model for digital identity in an increasingly connected world.  The model is founded on user-centric principles such as data ownership, confidentiality, consent and transparency, and embodies privacy-by-design.