Centenary Bank and Master Card announced at the Annual Bankers’ Conference last week; their multipronged approach to digitizing Uganda’s economy in support of the National Financial Inclusion Strategy.
This partnership will help strengthen the National Payment Ecosystem through the introduction of relevant payment solutions including Master pass QR, payment card solutions including debit, prepaid, and credit as well as premium solutions.
“In June, Finance Minister Matia Kasaija delivered the 2017/18 budget speech which re-emphasized the importance of the National Financial Inclusion Strategy. The ground breaking strategy seeks to address five major drivers of financial inclusion: accessibility of financial services, credit infrastructure, and digitization of financial services, appropriate and innovative financial products and consumer financial protection,” said Mr. Fabian Kasi, Managing Director Centenary Bank.
“In our position as the largest commercial microfinance bank in country, with over 1.4 million customers, we are committed to delivering solutions that meet the diverse needs of people, especially those living in rural areas. Part of this commitment is working alongside partners that share our vision, and Master Card will work with us to diversify our services and solutions,” added Mr. Kasi.
Chris Bwakira, Vice President and Area Business Head for East Africa, Master Card said: “The partnership is part of the MasterCard commitment to financially empower 100 million people in Africa by 2020.