PURCHASE, N.Y.—Mastercard and Rabobank are partnering to offer a digital platform to one million farmers in emerging markets. The product will make it easier for farmers to sell produce and build on the Mastercard Farmer Network.
Rabobank's Banking for Food vision reaches agricultural regions in Europe, Africa and Asia. The partnership will grow across Uganda, Tanzania, Kenya, Ghana, Egypt and India, Pymnts.com noted.
Farmers in these countries have limited finance options.
Mastercard Farmer Network launched in 2015 and has connected with over 250,000 farmers in Uganda, Tanzania and India. The solution connects farmers with buyers through a common digital infrastructure, Pymnts.com noted.