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Home Corporate Social Responsibility

Visa commits $1 million to empower women-focused businesses in association with United Way Mumbai

As part of Visa's goal to enable businesses to thrive, the company partnered with Hand in Hand International to provide US$2.4 million over three years to 75% of women-owned businesses.

India CSR by India CSR
October 4, 2022
in Corporate Social Responsibility
Reading Time: 3 mins read
Visa commits  million to empower women-focused businesses in association with United Way Mumbai
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The Visa – UWM project will target three core impact areas: Access to knowledge and services for financial inclusion, Entrepreneurship development and formation of sustainable Self-Help Groups.


Mumbai (IndiaCSR): Visa (NYSE: V), the global leader in digital payments, has pledged US$1 million to United Way Mumbai (UWM), to empower women-owned and women-focused businesses over the next three years. The project will be implemented in a total of 170 villages/towns across four states – Uttar Pradesh, Assam, Maharashtra, and Karnataka and will focus on creating sustainable, long-term skills for entrepreneurship among participants. The project aims to train over 8500 women and connect them with financial services relevant to their enterprises and communities.

Announcing the commitment, Sandeep Ghosh, Group Country Manager India & South Asia, Visa, said, “At Visa, we have strongly advocated and supported the growth of small businesses particularly those focused on women. Our partnership with United Way Mumbai will impart financial and entrepreneurial skills to women from communities that do not enjoy the same access and privileges as many others. As women get empowered, so do the communities they represent. We look forward to this partnership making meaningful contributions to deserving communities in times to come.”

Also Read: CSR: Essar Power, Essar Foundation supports promising ‘Race Walker’ Priya to achieve her dream

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The Visa – UWM project will target three core impact areas: Access to knowledge and services for financial inclusion, Entrepreneurship development and formation of sustainable Self-Help Groups.

Commenting on the partnership, George Aikara, CEO, United Way Mumbai, said “We at United Way Mumbai, strongly believe that India’s growth story is incomplete without the equal participation of women. Our efforts aim to address the barriers that exist to women’s participation in the social and economic spheres. We are elated to work with Visa as they share our commitment to democratizing the financial ecosystem by bringing women into it and we look forward to the support of this partnership in bringing that to fruition.”

With its iFundWomen grants programme, Visa has empowered women-owned businesses in India previously as well. Recent initiatives include upskilling women micro-entrepreneurs across the country after the pandemic and committing to help 50 million small and medium-sized businesses globally to get online and future-proof their businesses.

Also Read: CSR: Essar donates water filters to mark Swachh Bharat Abhiyan

As part of Visa’s goal to enable businesses to thrive, the company partnered with Hand in Hand International to provide US$2.4 million over three years to 75% of women-owned businesses. Additionally, Visa launched its women-owned small business initiative in 2019 called ‘She’s Next’ to empower women entrepreneurs.

(India CSR)


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Tags: CSR of VisaUnited Way Mumbai (UWM)
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India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

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