Africa: FAO and MasterCard in partnership to deliver inclusive payment systems
This collaboration will also explore ways to provide credit to households.The Food and Agriculture Organization of the United Nations (FAO) and MasterCard have announced a partnership to develop inclusive payment systems to support small-scale farmers and poor families in Africa.
The collaboration will explore ways to provide credit or money to households for purchases of basic needs and farming inputs on local markets.
It will benefit from MasterCard's expertise in payment technology and the FAO's global track record in the fight against hunger and malnutrition, according to a joint statement from the two institutions.
The first joint effort will be in the Kakuma refugee camp, in Kenya, currently home to 170,000 refugees who have fled wars and violence in neighbouring countries.
Camp residents will be provided with prepaid cards that will permit them to buy charcoal produced locally by the host community – charcoal that has been certified as being produced in a sustainable, environmentally-friendly way.
"FAO is extremely proud of this collaboration with MasterCard that will support small-scale farmers to become economically independent by advancing financial inclusion," said FAO director José Graziano da Silva.