Visa and its non-profit initiative, Visa Foundation, announced on Thursday a $100 million pledge to support underserved and women-led micro and small businesses in APEC (Asia-Pacific Economic Cooperation) economies over five years. The digital payments company also launched a new initiative to boost the digital enablement of underserved micro and small businesses in the US and over 15 developing economies, with an initial focus on APEC economies including Indonesia, Mexico, Peru, the Philippines, and Vietnam. The announcements were made as part of the APEC Forum Economic Leaders and CEO Summit hosted by the US. This stimulates job creation and increases access to capital to drive economic mobility. In July this year, Visa launched its She’s Next initiative in India, part of Visa’s global grants program, to support women entrepreneurs in growing and funding their ventures with networking, mentoring, and funding opportunities with Visa.