The Financial Inclusion Game Changer

Thursday, August 28, 2014

Nigeria’s president has formally launched a national electronic identity card, which all Nigerians will have to have by 2019 if they want to vote.

Goodluck Jonathan received the first biometric card which can also be used to make electronic payments.

MasterCard is providing the prepaid payment element and it hopes millions of Nigerians without bank accounts will now gain access to financial services.

An attempt to introduce national ID cards in Nigeria 10 years ago failed.

Analysts blame corruption for its failure, and say the same problems may stymie the new e-ID scheme.

Source: BBC (link opens in a new window)

financial inclusion