Uganda: Mastercard and FSD in Joint Drive to Strengthen Financial Inclusion

Date: 
03 Nov 2017

Over half of Uganda’s adults are forced to keep their savings at home because of a lack of access to formal financial services. Not only is this not safe, but it slows the country’s growth as large numbers of citizens remain financially excluded from formal financial services. To combat this, Mastercard and Financial Sector Deepening Uganda (FSD Uganda) have entered into a memorandum of understanding with a goal of partnering to develop financial services and solutions that will improve livelihoods of Ugandans and strengthen the country’s economy.

The partnership, announced during Financial Inclusion Week, will allow Mastercard, including the Mastercard Labs for Financial Inclusion, and FSD Uganda to focus on achieving their target in the key sectors of education, agriculture, trade and health by creating and rolling out secure and simple digital payments solutions.

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Country: 
Uganda