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Rwanda Partners with Visa to Advance Financial Inclusion

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Published on Jul 3, 2014

In a world where half the adult population is unbanked,1 extending secure and reliable financial services to more people is a challenge that requires the collective will of governments and the private sector. This is particularly true in Rwanda where 77 percent 2 of the population lacks access to formal financial services.

The Rwandan government has ambitious goals, as part of its Vision 2020 plan, to bring financial services to the majority of the population. Visa is supporting Rwanda in its mission and will help deliver programs that extend access to financial services for people throughout the country. Through its newly formed Charter of Collaboration with the government, Visa will help lay the foundations for electronic payments, promote innovation, and build capacity to ensure the long-term sustainability of financial systems.

Ambassador Claver Gatete, Governor of the National Bank of Rwanda said: "In all economies, well developed financial systems are essential for sustained economic growth. The partnership between the Government of Rwanda and Visa is an opportunity to increase efficiency and inclusion through the use of electronic financial services.

1Half the World is Unbanked, Financial Access Initiative
2The Alliance for Financial Inclusion

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