The Government of Rwanda and Mastercard have reaffirmed their shared commitment to the development of strong digital platforms to meet the needs of the country’s citizens and work towards Rwanda’s goal of promoting a cashless society. According to FinScope 2016, 68 percent of adults in Rwanda have/use formal financial products/ services. The partnership agreement signed
In support of Rwanda’s Sustainable Development Goals, the Mastercard Center for Inclusive Growth has confirmed its commitment to a grant of up to USD$1 million over three years to support the growth of small business owners in Rwanda. Ensuring that the first phase of the roll out of the grant is successful, Mastercard has partnered
RwandAir has partnered with Wirecard AG for its online card payment processing services. As one of the leading specialist for payment processing and issuing services, Wirecard will enable customers that wish to book their flights online at http://www.rwandair.com to pay with Visa, MasterCard, Diners/Discover, JCB, China UnionPay or Maestro cards. John Mirenge, the Chief Executive
Business Insider Intelligence, mobile payments are poised to make up 20.6% of e-commerce sales in 2016, or $79 billion, and to soar to 45% of all e-commerce payments in 2020, or $284 billion. Global payment trends show a clear shift to mobile payments. But the term ‘mobile payments’ includes a number of payment methods that
Online payments Countless online payments are performed each day. These electronic transactions take place through the Internet, as people increasingly crave the convenience and speed of buying and selling items online. According to a recent survey by Statista, the number of global online consumers is expected to reach two billion by 2019. By using an
research, it is estimated that the shift to digital solutions and the adoption of digital finance could add $3.7 trillion to the GDP of emerging markets like Rwanda. It is therefore an exciting time to be in East African countries with citizens seeing the benefit innovation in this sector can bring to their daily lives.
Bank of Kigali and RwandaOnline announced at the technology company’s Innovation Forum in Budapest, Hungary a partnership to launch Irembo– an online payment solution in Rwanda powered by Mastercard Payment Gateway Services. Aimed at fast-tracking payments in the country, this new solution will make online payments safer, simpler and smarter. As outlined by Mastercard at
WorldRemit and MTN Group announced that WorldRemit customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia. The launch follows the signing of a global partnership agreement earlier this year, to enable WorldRemit customers all over the world to send international remittances to MTN’s Mobile Money customers. “This partnership makes
Online money transfer service WorldRemit launches instant transfers to Tigo Mobile Money accounts in Rwanda. This announcement makes WorldRemit the first international remittance service to send to mobile wallet users in Rwanda. The new service allows WorldRemit customers from over 50 countries from across the globe to send money to Tigo Cash customers in Rwanda – just
