MicroSave, MasterCard Foundation to strengthen DFS in Francophone Africa

Feb 14, 2017

The initiative will cover more than 250 DFS providers with a focus on francophone markets in WAEMU region.

MicroSave and MasterCard Foundation have partnered in a new initiative to start training courses in digital financial services (DFS) designed for francophone financial markets in Africa. The initiative
will cover more than 250 DFS providers with a
focus on francophone markets in WAEMU region, the Democratic Republic of the Congo, and Madagascar respectively. This will also be accompanied by a DFS knowledge portal in French to serve as a "go-to" place for information on digital financial services. Furthermore, the initiative will afford francophone markets
access to trainings adapted to the
local context, provide regional benchmarking data and access to francophone expertise for local financial services enterprises and relevant government bodies. Speaking about the partnership, MicroSave's Director, Graham Wright said, "we are excited to leverage our experiences and expand our knowledge in francophone markets. That's where we see the opportunity to increase financial inclusion working with regulators, financial institutions, mobile network operators and third party agent network operators." Similarly, Sumaiya Sajjad, Program Manager at The MasterCard Foundation, said "we believe that successful agent networks hold a strong potential to reach large numbers of unbanked individuals in Sub-Saharan Africa. Our partnership with MicroSave to launch Réseau Helix will help a range of financial institutions to build the technical and strategic capacities of their core leadership and staff, enabling them to better meet client needs through agent networks."