We are living in a world where technology and digitization have become indispensable for us to conduct business, but also to maintain personal relationships and stay connected. As the role of technology and digitization becomes increasingly important in our lives and economies, we increasingly need to be more strategic about how we approach it, both at the micro and the macro level.
But adopting new technologies and becoming digital is not straightforward – not for governments, not for large businsses, and especially not for smaller enterprises and inidividuals with less affinity towards technology. Therefore, members of a society, especially its insitutional members, need to work together in order to both introduce this technology, make it accessible, create trust around it, and protect those most vulnerable.
Slovenia, being a small country with an interconnected society, a strong business community, and political stability, is well positioned to leverage the wave of technology and digitization which has hit us. The fact that we are a fintech hub with many promising financial start-ups is evidence of that. But in order to fully tap into the country’s potential, we need partnerships – between public and private sectors and between different industries.
Mastercard believes in parnerships as it has been the core of how we operate for many decades, and the foundation of our global success. Our Slovenian market-wide infrastructure development program, „Osmica”, is one way of creating partnerships to move the market and achieve large-scale development. It is also essential, as any digital economy needs an efficient, safe, user-friendly and accessible digital payment infrastructure. Being able to pay digitally in any payment situation should be the minimum standard, and Mastercard will strive to achieve this with its partners.