View allAll Photos Tagged FinancialInclusion
In the Hague, Queen Maxima discussed Viet Nam's progress on financial inclusion with chair of the National Assembly Nguyen Thi Kim Ngan, March 2018. (Courtsey Patrick van Katwijk)
Ajay Banga, MasterCard Worldwide President and CEO (right), discusses the benefits of the South African Social Security Agency (SASSA) Debit MasterCard with Hilda Nkantini (left) at the Elias Motsoaledi settlement in Soweto outside Johannesburg. Nkantini is one of the nearly six million South Africans who now receive their social grant payments securely and conveniently by using the Debit MasterCard, which can also be used to pay for purchases, check balances and withdraw cash largely without incurring transaction fees. (Nadine Hutton/AP Images for MasterCard Worldwide)
Financial Inclusion Seminar For East Belfast ConsumersOver 80 representatives from East Belfast community and voluntary organisations, credit unions and the housing sector came together today (1 May) for the ‘Towards Financial Inclusion’ seminar, hosted by the Consumer Council and the Housing Rights Service. First Minister, Rt. Hon. Peter Robinson gave a keynote address stating "it is vital that Government works innovatively with all stakeholders including business, community and voluntary sectors, housing providers and consumers to ensure we achieve growth in the economy whilst protecting the most vulnerable in our society”. The event explored the impact of financial exclusion on low income consumers, for example not having access to a bank account, insurance products or affordable credit. Consumer Council Chief Executive Antoinette McKeown said: “Financial exclusion has a devastating impact on consumers and the current economic downturn has hit communities like East Belfast very hard. The First Minister's attendance today and his address reflect the importance of this event, which is about listening to consumers in local communities describe the key issues affecting them in terms of managing money and accessing financial services. The Consumer Council will continue to work with local politicians to represent consumers, give them a voice and access to much needed practical support during these hard times.“The Consumer Council will ensure that consumer views heard today, and at other similar events, will be fed back to help shape Government policy and our own educational campaigns,” said Antoinette. Pictured from left to right are: Housing Rights Service Chair, Andrew Hassard, Housing Rights Service Chair, Andrew Hassard and Consumer Council Chief Executive, Antoinette McKeown.Picture by Phil SmythEnds
Ajay Banga, President and CEO MasterCard Worldwide (left), Dr. James Mwangi, CEO Equity Bank Group (left) and Professor Njuguna Ndung’u, Governor Central Bank of Kenya, unveil a dummy of the new EMV card to be rolled out as a result of the partnership between Equity Bank and MasterCard Worldwide. As part of the collaboration, MasterCard debit and prepaid cards with chip-enabled technology will be issued, first into the Kenyan market and then extended into Uganda, Tanzania, Rwanda, and South Sudan. The cards will also introduce MasterCard PayPass™ with the first ever installation of PayPass enabled point of sale terminals across the region.
13-2-2018 JAKARTA - Queen Maxima met with drivers for Go-Jek in Jakarta, a company that began as a ride-hailing app but has evolved into a much wider digital ecosystem of informal-sector microentrepreneurs including food and service providers. Drivers receive access to financial services, most for the first time. (The woman in red sneakers on the left is one of Go-Jek's first woman drivers.) ROBIN UTRECHT
Today MasterCard and BANSEFI, the social bank of Mexico, announced a partnership to foster financial inclusion in Mexico through the disbursement of social benefits using electronic payments.
1-11-2017 ABUJA NIGERIA Queen Maxima Visit to Diamond Yellow Agency Diamond Yellow is the name of the branch offices of the Diamond Bank of Nigeria. The agency that is visited is located in a driving school. Customers can open a bank account here, raise or distribute money and make transfers. A branch of the bank is located opposite the driving school. However, some of the customers prefer to do the banking business in the agency because of the low level of accessibility. Copyright Robin Utrecht
07 December 2013, Shelfo Village, (Awasa Zuria Woreda, Sidama Zone, SNNP region), Ethiopia - Mr Bekele, 57 years of age (right) looks on as his daughter elainesh Bekele (18 y.o.) cooks freshly harvested carrots to serve with enjerra, their staple food. Mr Bekele grew the carrots using seed rovided by FAO. About fifty percent of the harvested seeds is sold at market, while the rest is used for home consumption and for planting next season. FAO has been playing a leading role providing access to seeds and planting materials under the umbrella of various emergency and development-oriented projects supported by different donors, particularly over the past four years. WFP is providing food assistance to 1.6 million people in SNNP region. While IFAD is the leading agency in the field of rural finance. Repayments of loans in the region are high, with up to 92-96 percent of loans are paid back.Mr. Bekele received seeds to grow carrot plants.
Photo credit must be given: ©FAO/IFAD/WFP/Petterik Wiggers. Editorial use only.
On 4 March 2014, MasterCard announced its expansion into seven new markets across Central and West Africa, increasing its acceptance footprint across the continent and securing a number of strategic agreements with partner banks.
ADBI experts highlighted policies to strengthen financial inclusion, financial literacy, and consumer protection at the Global Forum for Financial Consumers in Yogyakarta, Indonesia on 19-20 August 2019. Read more about the event: bit.ly/32niRd9
SwaziBank Managing Director Zakhele Lukhele shakes hands with Charlton Goredema, Area Business Head, Southern Africa Emerging Markets, MasterCard, commemorating SwaziBank's partnership with the payments technology company.
Ann Cairns, President of International Markets, MasterCard (right) presents Virginia Petersen, CEO of the South African Social Security Agency (SASSA), with an award to acknowledge SASSA’s world-leading social grants payment programme at an event held in Pretoria, South Africa on 20 August 2013. The Award commemorates the milestone of reaching 10 million active SASSA Debit MasterCard cards in South Africa, which has significantly increased financial inclusion in that country.
This was a special visit in light of the ten years of BCEAO’s AFI membership. Governor Koné and AFI’s Dr. Hannig discussed past achievements and joint activities for this and next year, emphasizing the importance of #FinancialInclusion.
In 2011, USAID, JP Morgan, and the Gates, Gatsby, and Rockefeller Foundations announced a first-of-its-kind effort to invest $25 million in the African Agricultural Capital Fund, which will deliver much needed growth capital to boost the productivity and profitability of Africa's undercapitalized agriculture sector. NUAC Farm in Northern Uganda is one of the first agribusinesses to receive financing from this fund.
From left, Safdar Khan, country manager, Malaysia; Datuk Rozaida, Group CFO; Dato' Paduka Ismee, Group MD; Matthew Driver, president, South East Asia; Mohamed Ameen, MasterCard Malaysia.
Ajay Banga, present and CEO MasterCard, and Michael Corbat CEO Citigroup arrive for the start of Financial Inclusion 2020. A global forum in London today. Read full press release: bit.ly/16AeR5j
From left to right: Nitin Soma, Senior Vice President of Information Technology, NET1 UEPS Technologies; Nina Nieuwoudt, Vice President Business Development, MasterCard; Dr. Serge Belamant, Chairman and Chief Executive Officer, NET1 UEPS Technologies; Ann Cairns, President of International Markets, MasterCard; Philip Panaino, Division President, South Africa, MasterCard; and Michael Miebach, President, Middle East and Africa, MasterCard.
AFI Co-Chair and Tanzania Central Bank Governor Benno Ndulu, AFI Executive Director Alfred Hannig and Ajay Banga during the World Bank Spring Meeting
Mr. Ari Sarker, division president, South Asia, MasterCard providing a grant US$50K to Ms. Reema Nanavaty, Director for Economic and Rural Development, SEWA. Full story at: bit.ly/1mO5k4V
MasterCard and SEWA are empowering more than 7,000 women farmers in India with a new tools & equipment library Full story at: bit.ly/1mO5k4V
Ann Cairns, President of International Markets, MasterCard (left), met with South Africa’s Minister of Finance, Pravin Gordhan (right) during her visit to the country. Cairns emphasized how MasterCard shares its international expertise to create locally-relevant solutions that will extend financial inclusion and help promote government efficiencies.
06 December 2013, Hangachafa Village, Hawassa (Awasa Zuria Woreda, Sidama Zone, SNNP region), Ethiopia - Henok Konsicha (right) sifts beans from dirt, dust and hay. The hay is given to his cows to eat. FAO provided the seeds. The beans harvested from the seeds are sold to the cooperative that is supported by IFAD. The cooperative sells the beans, partly to the Anja Chefa HGSF school. Most of Henok's nine children attend classes at the Anja Chefa school. Farmers grow beans for three reasons; home consumption, to produce next year's seeds and to sell beans at the market. Henok says from 400 kgs of harvested beans, 250 kgs is sold at the market, 100 kgs is for home consumption and 50 kgs will be the seeds for next year's planting. AO, IFAD and WFP work closely together in Ethiopia. The Southern Nations, Nationalities, and People's Region (SNNPR) is one of the nine administrative regions of Ethiopia, with Hawassa the capital. The SNNP region has a population estimated at over 16 million people and the majority -- 90 percent -- are smallholder farmers living in rural areas. With 136 Woredas, the region mainly produces maize, haricot beans, teff and coffee, while various populations are agro-pastoralists and pastoralist. FAO has been playing a leading role providing access to seeds and planting materials under the umbrella of various emergency and development-oriented projects supported by different donors, particularly over the past four years. WFP is providing food assistance to 1.6 million people in SNNP region. While IFAD is the leading agency in the field of rural finance. Repayments of loans in the region are high, with up to 92-96 percent of loans are paid back. Photo: FAO
UNSGSA Queen Maxima spoke about the promise of financial inclusion in Argentina, Oct. 11, 2016.
Speech here: www.unsgsa.org/resources/speeches/argentina-speech-octobe...
07 December 2013, Shelfo Village, (Awasa Zuria Woreda, Sidama Zone, SNNP region), Ethiopia - Pastoralists bring their herds of livestock to water at Lake Hawassa. FAO, IFAD and WFP work closely together in Ethiopia. The Southern Nations, Nationalities, and People's Region (SNNPR) is one of the nine administrative regions of Ethiopia, with Hawassa the capital. The SNNP region has a population estimated at over 16 million people and the majority -- 90 percent -- are smallholder farmers living in rural areas. With 136 Woredas, the region mainly produces maize, haricot beans, teff and coffee, while various populations are agro-pastoralists and pastoralist. FAO has been playing a leading role providing access to seeds and planting materials under the umbrella of various emergency and development-oriented projects supported by different donors, particularly over the past four years. WFP is providing food assistance to 1.6 million people in SNNP region. While IFAD is the leading agency in the field of rural finance. Repayments of loans in the region are high, with up to 92-96 percent of loans are paid back. Photo credit must be given: ©FAO/IFAD/WFP/Petterik Wiggers. Editorial use only.
The building blocks necessary for financial inclusion are present in Kenya, Tanzania and Uganda where digital payments
innovations are occurring as we speak. As such, MasterCard opened a Financial Inclusion lab in Africa.
For more information on this announcement, please view our digital press kit <a href="http://news.mstr.cd/1FIKuul.
Ajay Banga, MasterCard Worldwide President and CEO, right, and Sanusi Lamido Sanusi, Governor of the Central Bank of Nigeria, discuss the milestones achieved by Nigeria's cashless initiative in Abuja, Nigeria, on Monday Jan. 14, 2013. Banga said the Central Bank of Nigeria's Cashless Policy, and the solutions created to achieve its goals, is viewed with global interest as a benchmark in driving financial inclusion in emerging markets. Driven by local government, the modernization of the Nigerian payments industry will positively impact economic growth in Nigeria by helping to eliminate inefficiency, corruption and fraud, which are issues faced by all cash-dependent economies.
Mr. Ari Sarker, division president, South Asia, MasterCard inaugurating the tools and equipment library in Mehsana, Gujarat. Full story at: bit.ly/1mO5k4V
Queen Maxima spoke at length about financial inclusion with President Widodo during her Indonesia country visit. The President emphasized his support for actively expanding services to the country's small businesses, farmer, and other unbanked populations; earlier he signed the national financial inclusion strategy. (Photo UNSGSA/Oktobernardi Salam)
100 participants #EfmaBankingAfrica from 20 countries gather this week in Joburg for the 1st Efma African Retail Banking Summit
Dr. James Mwangi, CEO Equity Bank Group, addresses guests at the event to celebrate the partnership between MasterCard and Equity Bank. As a result of the partnership, 5 million debit and prepaid cards will be rolled out in Kenya and later in Uganda, Rwanda, Tanzania and South Sudan.
Approximately 2 billion adults across the world are excluded from the formal financial system. Digital technologies create opportunities to expand access to and usage of affordable financial services among underserved groups. However, scaling these products and services to reach marginalized communities requires strong commitment, coordination, and follow-through from public and private sector stakeholders.
The Brookings Financial and Digital Inclusion Project (FDIP) team assesses the financial inclusion ecosystems of 26 geographically, politically, and economically diverse countries based on four dimensions of financial inclusion: country commitment, mobile capacity, regulatory environment, and adoption of selected traditional and digital financial services.
In the second annual FDIP Report, Brookings experts John D. Villasenor, Darrell M. West, and Robin J. Lewis build upon the findings of the first annual FDIP report, published in August 2015, by analyzing key changes in the global financial inclusion landscape over the previous year, adding five new countries to the study, and providing recommendations aimed at advancing financial inclusion among marginalized groups, including women, migrants, refugees, and youth.
On August 4, the Center for Technology Innovation at Brookings held a forum to launch the 2016 FDIP Report and discuss key research findings and recommendations. Experts representing several countries featured in the FDIP study offered their perspectives on advancing financial inclusion during a moderated discussion. After the session, panelists will took audience questions.
Photos by Steven Purcell
Walt Macnee, MasterCard, Kabir Kumar, CGAP, Kim Wilson, The Fletcher School and Rosario Perez, Pro Mujer
Mr. Ari Sarker, division president, South Asia, MasterCard and Ms. Reema Nanavaty, Director for Economic and Rural Development, SEWA at the inauguration of tools and equipment library in Mehsana, Gujarat. Full story at: bit.ly/1mO5k4V
MasterCard is navigating the World Economic Forum Meeting in Davos, advancing a call for greater Financial Inclusion.
Ajay Banga, President and CEO MasterCard Worldwide, addresses esteemed guests and media at the celebration of the partnership between MasterCard and Equity Bank. As a result of the collaboration, Kenyan consumers will be empowered to use electronic payments which provide a safe and secure way to pay versus cash and other forms of payment.
From left, Matthew Driver, president, South East Asia; Dato’ Sri Abdul Azeez, Chairman; Dato’ Sri Najib Tun Razak, Prime Minister; Dato’ Seri Jamil Khir, Minister; Dato’ Paduka Ismee, Group MD.
Ajay Banga, MasterCard Worldwide President and CEO, addresses Central Bank of Nigeria (CBN) officials and other business leaders in Abuja, Nigeria, on Monday Jan. 14, 2013. In his address, Banga highlighted the rapid evolution of the Nigerian payments landscape as a global success story, acknowledging CBN's Cashless Policy as the driving force behind the reform in the country's electronic payments sector over the past two years.
Dr. James Mwangi, CEO Equity Bank Group and Ajay Banga, President and CEO, MasterCard Worldwide shake hands, formalizing the deal that will see 5 million debit and prepaid cards will be rolled out in Kenya.
Our work with governments in Africa allows them to be more efficient and transparent, and enables financial inclusion for millions of people who have not traditionally had access to financial services.
Ajay Banga, MasterCard Worldwide President and CEO, addresses Central Bank of Nigeria (CBN) officials and other business leaders in Abuja, Nigeria, on Monday Jan. 14, 2013. In his address, Banga highlighted the rapid evolution of the Nigerian payments landscape as a global success story, acknowledging CBN's Cashless Policy as the driving force behind the reform in the country's electronic payments sector over the past two years.
Together MasterCard Vice Chairman Walt Macnee, Ambassador Donald Teitelbaum, H.E. Ambassador Liberata Mulamula of Tanzania, Deputy Assistant Secretary, Bureau of African Affairs, United States Department of State Rodger Voorhies, Director of Financial Services for the Poor, Bill & Melinda Gates Foundation and MasterCard President and Chief Executive Officer Ajay Banga work to achieve a better future with New Innovation Lab in East Africa.
For more information on this announcement, please view our Digital Press Kit .
Ajay Banga, MasterCard Worldwide President and CEO (right), speaks to Antoinette Sithole (left) outside the iconic Hector Pieterson Memorial in Soweto, commemorating the 16 June 1976 Uprising in South Africa. Sithole, who is Pieterson’s sister, led Banga around a tour of the facility, providing a unique and personal insight into South Africa’s history. (Nadine Hutton/AP Images for MasterCard Worldwide)
Ajay Banga, MasterCard Worldwide President and CEO, addresses Central Bank of Nigeria (CBN) officials and other business leaders in Abuja, Nigeria, on Monday Jan. 14, 2013. In his address, Banga highlighted the rapid evolution of the Nigerian payments landscape as a global success story, acknowledging CBN's Cashless Policy as the driving force behind the reform in the country's electronic payments sector over the past two years.
In 2011, USAID, JP Morgan, and the Gates, Gatsby, and Rockefeller Foundations announced a first-of-its-kind effort to invest $25 million in the African Agricultural Capital Fund, which will deliver much needed growth capital to boost the productivity and profitability of Africa's undercapitalized agriculture sector. NUAC Farm in Northern Uganda is one of the first agribusinesses to receive financing from this fund.