A Mastercard New Payments Index 2022 has established that a significant 91.4 percent of Zambia’s population boasts mobile connections, indicating progress in digital connectivity.
The company says it’s leveraging this development to commit itself to advancing payment solutions in Zambia to promote financial inclusion.
Country Business Development Director, Vincent Chipimo Malekani, in a statement issued on Tuesday stated the organisation was seeking to transition to a digital economy by offering futuristic solutions despite many Zambians still favouring cash.
“To achieve financial and digital inclusion for all Zambians, Mastercard has partnered with public and private sectors, as well as non-governmental organizations, to develop and scale relevant digital solutions.
“The company aims to establish a Pan-African digital infrastructure and include 20,752 million Zambians in the financial and digital economy, regardless of their location, whether in urban or rural areas,” Malekani indicated.
He noted that the firm’s commitment to advancing digital inclusion in Zambia demonstrated the organisation’s dedication to promoting financial and digital inclusion, supporting Small and Medium Enterprises (SMEs), and forging partnerships to transform the country’s digital payments landscape.
Malekani underscored its recognition of Africa as a significant market for fintech and digital solutions, and that the company was the partner of choice for 70 percent of fintech organisations within its network.
“The company collaborates with local fintech organizations to provide underserved communities with access to digital and financial solutions.
“These partnerships aim to provide consumers and small businesses with a seamless, safe, and affordable digital payments experience.
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