IFC, MasterCard set up $250m facility to boost financial inclusion

by | April 28, 2015 12:21 am

International Finance Corporation (IFC), a member of the World Bank Group, and United States’ (US) MasterCard on Monday, signed an agreement to establish a risk-sharing facility, which is expected to provide millions of people in emerging markets like Nigeria access to electronic payments. The Central Bank of Nigeria (CBN) is aggressively pushing its financial inclusion strategy. Market…

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