Tigo Ghana partners IFC, MasterCard Foundation to expand mobile financial services

Tigo Ghana has announced it has entered into a USD2 million advisory service agreement with the IFC and The MasterCard Foundation to develop and expand mobile financial services in Ghana.

The project is part of the Partnership for Financial Inclusion, a joint USD37.4 million initiative of IFC and The MasterCard Foundation to expand microfinance and advance mobile financial services in Sub-Saharan Africa.

Roshi Motman, CEO of Tigo Ghana said: “Together with IFC and The MasterCard Foundation, Tigo Ghana is committed to extending financial inclusion. Following the five awards Tigo Cash received in 2013, this is further recognition of our innovative approach to the deployment of mobile financial services and our commitment to continually develop them.”

David Crush, Manager, IFC Access to Finance Sub-Saharan Africa said: “The use of mobile phones and alternative distribution infrastructure represents a huge opportunity to fill the gap in the provision of financial services in Ghana, with significant commercial potential for operators able to build a business model that serves the base of the pyramid efficiently.”

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