Botswana firm a Mastercard issuer in MozambiqueFrom ODIRILE TOTENG in Gaborone, Botswana
GABORONE, (CAJ News) – LETSHEGO Holdings Limited, the Botswana firm, announced receipt of its official principle issuer license from MasterCard in Mozambique.
The partnership will see the introduction of further payment innovations into the market.
The partnership will help pave the way for other Letshego country operations to leverage the MasterCard issuer status, enabling a far broader reach for the financial institution.
Also, it will enable Letshego to better service its growing base of 300 000 borrowers and 100 000 depositors.
Chris Low, Group CEO of Letshego, said the company was a brand that is trusted across Africa and to be granted an issuer license from MasterCard would help grow its range of innovative and financially inclusive products and services.
“Our partnership with MasterCard is vital to achieving our goal of offering simple, appropriate and affordable solutions with the aim of improving the lives of our customers. We look forward to being able to work with MasterCard to further financial inclusion across the continent through this partnership,” said Low.
MasterCard Vice President and Area Business Head for Southern Africa and Indian Ocean Islands, Charlton Goredema said, the partnership announcement had been made during National Women’s Month was significant for both
MasterCard and Letshego.
“We share a vision of a more inclusive Mozambique, where all citizens can benefit from a safe, secure and convenient payment sector,” said Goredema.
– CAJ News
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