Following the recent signing of a strategic partnership agreement focused on boosting financial inclusion in the East African market the two partners on Wednesday further strengthened their partnership by signing a Commercial Banking Agreement (CBA), which will see the rollout of a broad suite of digital payment solutions. subsection2 : "", Mfw4a.org. 0800 200 555 Loan Calculator Amount. var ajaxurl = {"ajax_url":"https:\/\/newsroom.mastercard.com\/mea\/wp-admin\/admin-ajax.php"}; channel : "Mastercard - Newsroom", Mastercard is a technology company in the global payments industry. img.wp-smiley, Kampala, Uganda | GODFREY SSALI | MasterCard and Centenary Bank have unveiled a personalized debit card in Uganda dubbed the Masterpass QR. Retrieved 6 June 2020. […] Mastercard (NYSE: MA), http://www.Mastercard.com, is a technology company in the global payments industry. (d.textBaseline="top",d.font="600 32px Arial","flag"===a? THUR, OCT 25 2018-theG&BJournal-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. QR payments solution launched to help provide simple and affordable payments for people and businesses in Uganda. Account with the our Bank Registered on the CenteMobile Banking platform Message. Centenary Bank (full name: Centenary Rural Development Bank) was established in 1983. 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. The agreements, signed at the Annual Bankers’ Conference in Kampala, will further assist in delivering on Uganda’s National Vision 2040, which aims to transform the country into a prosperous African economic powerhouse, where businesses can grow and people are able to prosper. border: none !important; This partnership will help strengthen the National Payment Ecosystem through the introduction of relevant payment solutions including Masterpass QR, payment card solutions including debit, prepaid, and credit as well as premium solutions. googletag.defineSlot('/21628385849/Content-300x250-top3', [300, 250], 'div-gpt-ad-1592740172700-0').addService(googletag.pubads()); Centenary Bank, Uganda’s leading commercial microfinance Bank, has today unveiled the new CenteVisa debit card. country:"Global" KAMPALA–Centenary Bank and Mastercard have announced a multi-pronged approach to digitising Uganda’s economy in support of the National Financial Inclusion Strategy. Centenary Bank and Mastercard announced at the Annual Bankers’ Conference their multipronged approach to digitising Uganda’s economy in support of the National Financial Inclusion Strategy. var eOT = new Event('OneTrustGroupsUpdated'); Centenary Bank and Mastercard have today announced at the Annual Bankers’ Conference their multipronged approach to digitising Uganda’s economy in support of … region : "mea", googletag.enableServices(); } After a loud cry from their customers for the lack of VISA/MasterCard enabled ATM … Centenary Rural Development Bank is the leading Commercial Microfinance Bank in Uganda “In our position as the largest commercial microfinance bank in 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. Press Releases The partnership will help strengthen the National Payment Ecosystem through the introduction of relevant payment solutions including Masterpass QR, payment card solutions including debit, prepaid, and credit as well as premium solutions. MultiChoice Uganda launches 3 for 1 showmax special offer, CAF, StarTimes announce partnership to broadcast Total CHAN, Cameroon 2020 in Sub-Saharan Africa, ISO operatives coached me on how to pin Bobi Wine in court – Kibalama, BREAKING! var di = { 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 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. !function(a,b,c){function d(a){var c=b.createElement("canvas"),d=c.getContext&&c.getContext("2d");return d&&d.fillText? [CDATA[ */ Follow us on Twitter @Mastercard News, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau. /* ]]> */ ↑ "Uganda: Centenary Bank Signs Deal With Worldremit". [CDATA[ Compare pay for popular roles and read about the team’s work-life balance. (b.addEventListener("DOMContentLoaded",g,!1),a.addEventListener("load",g,!1)):(a.attachEvent("onload",g),b.attachEvent("onreadystatechange",function(){"complete"===b.readyState&&c.readyCallback()})),f=c.source||{},f.concatemoji?e(f.concatemoji):f.wpemoji&&f.twemoji&&(e(f.twemoji),e(f.wpemoji)))}(window,document,window._wpemojiSettings); It has 1.3 million customers many of which are in the agricultural sector. language : "en", //3e3):(d.fillText(String.fromCharCode(55357,56835),0,0),0!==d.getImageData(16,16,1,1).data[0])):!1}function e(a){var c=b.createElement("script");c.src=a,c.type="text/javascript",b.getElementsByTagName("head")[0].appendChild(c)}var f,g;c.supports={simple:d("simple"),flag:d("flag")},c.DOMReady=!1,c.readyCallback=function(){c.DOMReady=!0},c.supports.simple&&c.supports.flag||(g=function(){c.readyCallback()},b.addEventListener? By Watchdog reporter Centenary Bank and Mastercard have on Wednesday announced at the Annual Bankers’ Conference their multi-prolonged approach to Centenary Bank, a commercial microfinance bank in Uganda, has signed a commercial banking agreement (CBA) with MasterCard to launch a diverse set of digital payment […] siteName : "Newsroom", 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. Click here to subscribe to real-time alerts. Mastercard and FSD Uganda Partner to Develop Financial Services Centenary Bank Reaches Over 250,000 Ugandans in Financial Inclusion Drive MasterCard and Regulators in the AFI Network Partner to Advance Financial Inclusion Strengthening Uganda’s Financial Services Sector Our mission is to provide appropriate financial services especially Micro finance to all people in a sustainable manner and in accordance with the law. The introduction of the mobile-driven person-to-merchant (P2M) solution by Mastercard called, Masterpass QR, will help turn citizen’s mobile phones into a payment and acceptance tool. function OptanonWrapper() { Mastercard Communications Contact: Geraldine Grealey geraldine.grealey@mastercard.com. img.emoji { (adsbygoogle = window.adsbygoogle || []).push({}); window.googletag = window.googletag || {cmd: []}; 20 July 2017. Loan Period. vertical-align: -0.1em !important; height: 1em !important; In a bid to redefine customer experience, Centenary bank has come up with a new CenteVisa debit Card. Centenary Rural Development Bank has been one of the top financial institution in Uganda for the past recent years and has managed to keep it’s pedigree as a top bank for many reasons. metaWord : "", } 61,606 were here. 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. “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 said. /* */ Please enter your username or email address to reset your password. Bank code A-Z 4 letters representing the bank. title : "Centenary Bank and Mastercard partnership will transform Uganda’s Economy", 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. Tell us about yourself so we can get in touch. 29 December 2017. 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. Following the recent signing of a strategic partnership agreement focused on boosting financial inclusion in the East African market, the two partners today further strengthened their partnership by signing a Commercial Banking Agreement (CBA) which will see the rollout of a broad suite of digital payment solutions. window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/72x72\/","ext":".png","source":{"concatemoji":"https:\/\/newsroom.mastercard.com\/mea\/wp-includes\/js\/wp-emoji-release.min.js?ver=4.2.9"}}; However, 53 percent of adults are using mobile payment solutions to transact. A statement issued by the two institutions shows that the Commercial Banking Agreement … The introduction of the mobile-driven person-to-merchant (P2M) solution by Mastercard called, Masterpass QR, will help turn citizen’s mobile phones into a payment and acceptance tool. /* "); 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. Centenary Rural Development Bank is the leading Commercial Microfinance Bank in Uganda Find out what works well at Centenary Bank from the people who know best. “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.”. 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