Published On: Wed, Apr 6th, 2016

Botswana firm a Mastercard issuer in Mozambique

mastercardGABORONE, (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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