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Government of Rwanda Collaborates with MasterCard to Meet Rwanda’s 2020 Vision of a Cashless Society

KIGALI, Rwanda, May 12, 2016 (BUSINESS WIRE) -- The Government of Rwanda today announced a collaboration with MasterCard to fast-track the country’s move to include 90 percent of its citizens in the financial mainstream, as set out in its Vision 2020 strategy.

In a Memorandum of Understanding (MoU), signed by the CEO, Rwanda Development Board and Cabinet Member, Francis Gatare, and Raghu Malhotra, president of Middle East and Africa for MasterCard, Rwanda will promote the move to a cashless economy by collaborating on numerous initiatives.

These solutions include, the digitization of school fees and national healthcare claim payments, providing an online payment gateway for Rwanda Online, contributing to the creation of a common mobile banking platform, and contributing to the effective management of spending activities across borders.

Speaking at the announcement Gatare said, “We are confident that Rwanda’s partnership with MasterCard will be beneficial to the country and its citizens as we are implementing our vision of becoming a knowledge based service-oriented economy. I believe this can only be achieved as we embrace the fourth industrial...


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