Mastercard’s Community Pass Customer Summit seeks to promote financial inclusion

Editorial Desk
By Editorial Desk 3 Min Read

Mastercard’s Second Annual Community Pass Customer Summit in Kampala, Uganda Highlights Digital and Financial Inclusion Solutions for Underserved Communities.

Mastercard recently hosted its second annual Community Pass Customer Summit in Kampala, Uganda, bringing together over 90 public and private sector partners and 20+ thought leaders dedicated to crafting sustainable solutions for digital and financial inclusion across Africa and beyond.

The summit showcased over 10 cutting-edge technologies and financial institutions, each presenting their digital solutions designed to include underserved communities across various sectors such as agriculture, health, micro-commerce, and education.

Interactive panel discussions focused on the impact of digital technology in promoting service delivery and economic growth in remote areas, exploring themes such as credit access, entrepreneurship enablement, and innovative financing for sustainable outcomes.

As a change catalyst, the summit redefined the delivery of digital and financial services to underserved communities by leveraging Mastercard’s core capabilities. Community Pass, a shared interoperable platform, provides digital infrastructure to both public and private sector players to serve marginalized and frequently offline communities.

The platform has already reached nearly 5 million users globally in Uganda, Kenya, Tanzania, Ethiopia, and India.

During the summit, Tara Nathan, EVP and Founder of Mastercard Community Pass, emphasized the event’s transformative potential, stating that “Community Pass is not just a digital platform, it’s a catalyst for change, effectively bridging the gap between underserved communities and essential services.”

The Community Pass team also announced three major collaborations, including the launch of the Yojana card in India, a collaboration with Shell Foundation and Co-operative Bank of Kenya, and the reveal of Equity Bank of Uganda’s financial inclusion card. These collaborations are anticipated to drive significant changes in digital and financial inclusion for smallholder farmers and rural communities.

Gerald Begumisa, Managing Director of Yo! Uganda, highlighted the impact of the partnership with Mastercard’s Community Pass, stating that “Our continued partnership with Mastercard’s Community Pass has already reached 1.2 million smallholder farmers in Uganda and represents our unwavering commitment towards Uganda’s financial empowerment.”

Daniel Huba, Vice President, Community Pass Market Development, Sub-Saharan Africa at Mastercard, emphasized the platform’s significance in the continent, stating that “Community Pass goes beyond connectivity; it’s about fostering sustainable economic opportunities and welcoming digitally excluded individuals into the formal digital economy.”

Through the Community Pass solution, Mastercard enables rural and marginalized communities to digitally access a network of offline services, providing opportunities for increased productivity and access to markets for smallholder farmers.

Share This Article
Leave a comment
WP2Social Auto Publish Powered By :