African Development Bank and MasterCard Broaden Financial Inclusion in Africa

Posted on by Staff Writer | 7783 Views | 8 min read

The African Development Bank (AfDB) and MasterCard announced a broad collaboration that aims to expand financial inclusion across the African continent. The collaboration seeks to develop solutions that drive inclusive growth in Africa by broadening access and usage of digital financial services. MasterCard brings proven expertise to design and scale inclusive financial services solutions and

NMB Embraces Plastic Money Payments

Posted on by wademinnie | 10325 Views | 10 min read

Mastercard and National Microfinance Bank (NMB) have agreed to roll out 1.5 million MasterCardpayment cards in a move aimed at reducing cash dependence and enhance financial inclusion. As a result of the partnership, NMB will issue secure EMVChip and PinMasterCard prepaid, debit and credit cards over the next seven years. The cards will feature MasterCard’s

New Innovation Lab in East Africa to Expand Digital Financial Services

Posted on by wademinnie | 5945 Views | 14 min read

MasterCard announced the launch of MasterCard Labs for Financial Inclusion, a new initiative seeking to impact more than 100 million people globally by developing practical and cost-effective financial tools that expand access and help build stable futures over the long term. Through an $11 million grant over three years from the Bill & Melinda Gates

Tanzania Leads Africa in Financial Inclusion

Posted on by wademinnie | 8606 Views | 15 min read

Tanzania is the first country in Sub-Saharan Africa and ninth globally for demonstrating most conducive environments for financial inclusion, according to the new Global Microscope 2014 by The Economist Intelligence Unit. The new study released this month shows the country has been outstanding in the region in financial inclusion and the regulatory framework has noted to

Rwanda to Accelerate Digital Payments by Joining the Better Than Cash Alliance

Posted on by wademinnie | 8891 Views | 6 min read

The Government of Rwanda moved today to accelerate plans to transform into a cashless economy by joining a United Nations-backed initiative that supports countries’ transitions to electronic payments. With the assistance of the Better Than Cash Alliance, which is hosted by the UN Capital Development Fund (UNCDF), the Government of Rwanda will transition all forms

Mobile Phones Speed Up Financial Inclusion

Posted on by wademinnie | 8531 Views | 9 min read

The use of mobile phone money services has proved to be efficient means in speeding up financial inclusion, a senior official with the Bank of Tanzania (BoT) has said. BoT Senior Legal Counsel Mr George Ben Sije said in an interview in Bagamoyo last week that the partnership between financial institutions and telecom companies has

Technology and Partnership Approach Driving MasterCard Financial Inclusion in 2014

Posted on by wademinnie | 4738 Views | 17 min read

MasterCard’s technology combined with increased engagement of governments is helping drive greater expansion of financial inclusion. Public-private partnerships, such as the social security program in Pakistan MasterCard announced last week, offer citizens new opportunities to join the financial mainstream. Around the world, innovations such as prepaid and mobile payments combined with biometrics are enabling more

MasterCard Wins African Banker Award for Financial Inclusion

Posted on by wademinnie | 6524 Views | 16 min read

MasterCard has won the Award for Financial Inclusion at the 2014 African Banker Awards, in recognition of its far-reaching achievements in extending financial inclusion across Africa. The Award recognises MasterCard as the company that best succeeded in delivering financial products and services to broad segments of society, thus contributing to financial inclusion, development and growth.

World Economic Forum Holds Side Meeting on “Promoting Global Financial Inclusion Summit on Africa”

Posted on by wademinnie | 3466 Views | 17 min read

On the sides of the just concluded World Economic Forum, the Acting Governor, Dr. Sarah Alade participated at a Media Chat on ‘Promoting Global Financial Inclusion in Africa’. The event which took place at the Barcelona Hotel, Wuse, Abuja on 7th May, 2014 featured Matthew Bishop: US Business Editor and New York Bureau Chief of

Financial Inclusion Takes Centre Stage at World Economic Forum on Africa

Posted on by wademinnie | 6993 Views | 10 min read

Sami Lahoud, Vice President – Communications, Middle East and Africa for MasterCard shares his insights into financial inclusion at the World Economic Forum on Africa: This week, MasterCard joins more than 1,000 business leaders, heads of state and government, as well as representatives from academia, development organizations, non-profits and media in Abuja, Nigeria for the 24th