Thursday
October 17
2019

Mastercard and Rabobank Roll out Financial Inclusion Platform for Farmers in Emerging Markets

By Maddy White

Mastercard and Rabobank have partnered to give 1 million farmers in emerging markets access to a digital platform to enable transparency of their financial transactions.

The Mastercard Farmer Network (MFN) platform allows farmers to have an overview of their payment history. Having gone live in 2015, the network has so far reached more than 250,000 farmers in Uganda, Tanzania and India. The companies will now extend the scope and impact of the financial inclusion – defined as having equal opportunities to access financial services – initiative to farmers in Kenya, Ghana and Egypt.

Photo courtesy of pixelfusion3d.

Source: Global Trade Review (link opens in a new window)

Categories
Agriculture, Finance
Tags
agriculture, digital payments, emerging markets, financial access, financial inclusion, financial services, Mastercard, smallholder farmers