Centenary Bank and Mastercard have today, 19 July 2017, announced at the Annual Bankers’ Conference their multipronged approach to digitising Uganda’s economy in support of the National Financial Inclusion Strategy. googletag.defineSlot('/21628385849/Content-300x250-top3', [300, 250], 'div-gpt-ad-1592740172700-0').addService(googletag.pubads()); title : "Centenary Bank and Mastercard partnership will transform Uganda’s Economy", language : "en", It is clear to see why the National Financial Inclusion Strategy is needed, according to the 2016 Financial Inclusion Insights Survey, only 11 out of every 100 adults in Uganda have access to a bank account. Hi, Lets Talk. height: 1em !important; “As the largest commercial microfinance bank in the 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,” said Fabian Kasi, executive director of Centenary Bank. Centenary Bank and Mastercard have today announced at the Annual Bankers’ Conference their multipronged approach to digitising Uganda’s economy in support of … Centenary Rural Development Bank is the leading Commercial Microfinance Bank in Uganda }); The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda. region : "mea", subsection2 : "", Fintechfutures.com. country:"Global" Intelligentcio.com. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Kampala, Uganda | GODFREY SSALI | MasterCard and Centenary Bank have unveiled a personalized debit card in Uganda dubbed the Masterpass QR. channel : "Mastercard - Newsroom", width: 1em !important; However, 53 percent of adults are using mobile payment solutions to transact. Centenary Bank and MasterCard have signed an agreement to boost the National Financial Inclusion Strategy aimed at bringing more Ugandans into the financial system through savings and payments. Uganda, 19 July 2017: Centenary Bank and Mastercard have today announced at the Annual Bankers’ Conference their multipronged approach to digitising Uganda’s economy in support of the National Financial Inclusion Strategy. ↑ "Uganda: Centenary Bank Signs Deal With Worldremit". background: none !important; “We will also be working with the Mastercard Advisors team to develop a strong framework for current and future interventions, with the help of market and global insights,” Kasi said. border: none !important; 61,606 were here. Centenary bank sometime back introduced the new VISA Debit Card to its customers, a move which saw an end to the old centecards which were previously being issued and used by clients. High Court directs Military, Police to vacate Bobi Wine’s home, Ugandan embassy in Saudi Arabia faces closure over rent, distressed workers sleep outside, Court decides on Bobi Wine’s ‘illegal detention’ today. Centenary Bank, Uganda’s leading commercial microfinance Bank, has today unveiled the new CenteVisa debit card. Click here to subscribe to real-time alerts. [CDATA[ Account with the our Bank Registered on the CenteMobile Banking platform Message. Following the recent signing of a strategic partnership agreement focused on boosting financial inclusion in the East African market, the two partners today further … Retrieved 6 June 2020. var di = { postdate : "2017-07-19 10:53:34", “We will also be working with the Mastercard Advisors team to develop a strong framework for current and future interventions, with the help of market and global insights.”, “The partnership is part of the Mastercard commitment to financially empower 100 million people in Africa by 2020,” said Chris Bwakira, Vice President and Area Business Head for East Africa, Mastercard. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. “We have made significant strides this year in Uganda, with our recent agreement with the Uganda Bankers’ Association and the work we are doing through the Mastercard Labs for Financial Inclusion.”, Bwakira concluded by saying, “We are pleased to be part of this transformation journey in Uganda, and there is still much to be done to ensure we don’t only provide access but that together we also ensure usage of financial tools that will assist Ugandans to have a financial history giving them the power to build a stronger future for themselves and their families.”. Mastercard in partnership with M-KOPA Solar and Centenary Bank, celebrated the first ‘pay-as-you-go’ QR transaction this week, officially launching the initiative, which provides a simple and inexpensive way to power the homes and businesses of Ugandans. Retrieved 6 June 2020. The ground breaking strategy seeks to address five major drivers of financial inclusion: accessibility of financial services, credit infrastructure, and digitisation of financial services, appropriate and innovative financial products and consumer financial protection,” said Mr. Fabian Kasi, Managing Director Centenary Bank. Get in touch appropriate financial services especially Micro Finance to all people in a bid to redefine customer,... Can get in touch and Mastercard partnership will transform Uganda 's Economy '' Micro Finance to all people a!, Uganda ’ s leading commercial microfinance Bank serving customers with 69 branches and 172 ATMs across the.! 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