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IFC, The MasterCard Foundation and Airtel Money to Expand Access to Mobile Money in Zambia

IFC, The MasterCard Foundation and Airtel Money to Expand Access to Mobile Money in Zambia

IFC recently announced an advisory services agreement, valued at $1 million, with Airtel Zambia to increase access to mobile financial services in the Zambian market in order to strengthen financial inclusion. In Zambia, two-thirds of the adult population is excluded from formal financial services. The overall aim of the three-year project is to assist Airtel Money Zambia in building a sustainable mobile money operation. The project is part of the Partnership for Financial Inclusion, a $37.4 million joint initiative of IFC and The MasterCard Foundation to expand microfinance and advance mobile financial services in Sub-Saharan Africa. 

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