Mastercard and Paycode Partner to Increase Access to Financial Services and Government Assistance for Remote Communities Across Africa | The Guardian Nigeria News

65


  • Mastercard’s Community Pass platform will be added to Paycode’s biometric identity and offline payments solution to unlock services for the underserved and unbanked in Africa   
  • Partnership enables offline real-time functionality for effective government disbursements and access to digital financial services in remote communities

JOHANNESBURG, South Africa, 9 September 2021 -/African Media Agency(AMA)/- An estimated 57 percent of the population in Sub Saharan Africa remains financially excluded while close to 30 percent remain without a form of identification and 60 percent of the continent has no internet connectivity, leaving these individuals unable to access government assistance and basic financial services. To address these challenges, Mastercard has partnered with African fintech and Start Path company Paycode to provide both company’s offerings on one biometric smart card that will help increase access to critical services and advance economic inclusion…



Source: Guardian Newspaper