United Bank for Africa Zambia (UBA) on 23 August 2017, announced the launch of the first Mastercard debit card in Zambia to financially empower its citizens.
“The introduction of the UBA Mastercard debit card into the market will enable our customers to carry out their banking transactions in a safer, more convenient and more reliable manner. Our customers’ needs are changing and as they change, we will continue to adopt smart technology solutions that deliver superior services,” says Emeka Dimanochie, UBA Zambia Managing Director and Chief Executive Officer.
Mastercard’s partnership with UBA to roll out formal financial products also supports Zambia’s National Financial Inclusion Strategy 2017 to 2022, which aims to increase financial inclusion from 59% to 80% in 2022.
“We share a vision of a world beyond cash, where all people are financially included into the economy,” says Charlton Goredema, Vice President and Area Business Head, Emerging Markets, Southern Africa at Mastercard. “Introducing the first Mastercard in the country is a key milestone for us as we ramp up activity and investment in Zambia. Importantly, we are also contributing to the financial freedom of individuals.”