Tuesday
March 19
2019

NatSave, Mastercard partner to drive digital transformation and financial inclusion in Zambia

The National Savings Bank (NatSave) and Mastercard have signed a strategic partnership agreement, which will see the bank rollout Mastercard Chip and PIN prepaid and debit cards to provide its customers with a safer and more convenient alternative to transacting with cash. This is in line with the government’s goal of creating an inclusive and modernized digital payments ecosystem in Zambia.

NatSave customers, who are currently limited to using their proprietary cards for withdrawing cash, will be switched to Mastercard’s prepaid and debit cards later this year. The new cards will feature the latest EMV Chip and PIN payment technology, providing customers with a convenient, globally accepted payment solution with the highest security protection.

Photo courtesy of Håkan Dahlström.

Source: ITNewsAfrica.com (link opens in a new window)

Categories
Finance
Tags
banking, cashless, financial inclusion, financial services, partnerships