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Mastercard and Enel X, a technology solutions firm, are partnering to develop a fintech and cybersecurity “innovation lab” in Israel. So reports Pymnts.

Israel fabric 5101651 640 smallThe duo won a competitive bid to launch the lab and will partner with the Israeli government and the Israel Innovation Authority (IIA). The lab will be in Be’er Sheva and will work toward developing payments and energy networks solutions. It will also focus on authentication and financial inclusion.

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