FBC bank launches MasterCard prepaid card for Zimbabwean accounting professionals

Mastercard

Fostering financial inclusion

FBC Bank Limited announced that they are introducing the MasterCard Prepaid card to members of the Zimbabwean Association of Chartered Certified Accountants (ACCA).

The FBC-ACCA MasterCard Prepaid card will provide Zimbabwean accounting professionals with the ability to transact through an electronic payment solution, thus removing the need for cash.

ACCA members do not require a bank account to apply for the prepaid card, and will be able to pay tuition and exam fees, monitor their balances, track spending and download statements via the FBC Bank online portal.  Additionally, members will be able to use their cards at any of the 33 million global merchants that accept MasterCard and at 1.3 million MasterCard branded ATMs located around the world.

“The prepaid card will see us working together with MasterCard to develop a more financially inclusive Zimbabwe, by introducing electronic payments to members of the ACCA community.  The FBC-ACCA MasterCard Prepaid card will allow us the opportunity to positively impact the lives of ACCA members by introducing a payment solution specifically designed to fulfill their needs,” said Mr. Agrippa G.R Mugwagwa, Executive Director – Retail Banking and e-Commerce, FBC Bank Limited.

 “This partnership with ACCA and FBC Bank is part of MasterCard’s passionate drive towards developing a world beyond cash, where we can use our understanding of the market to extend the benefits of financial inclusion and enable the local economy,” said Charlton Goredema, Market Manager, Southern Africa.

The introduction of electronic payments remove the risks and costs associated with cash, and have been proven to be a catalyst for economic growth – a meaningful consideration for Zimbabwe for its own economic development.

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