BANCABC PART OF ATLAS MARA AND FSDMOÇ PROMOTE FINANCIAL INCLUSION

Took place on 26 July 2017, the signing ceremony of a Partnership Agreement between BancABC part of the Atlas Mara and the Financial Sector Deepening Mozambique (FDSMoç) was held at BancABC Mozambique.

The same arises from the introduction by BancABC of agency banking as a preferred channel for the expansion of its services to peri-urban and rural areas; And the partnership between BancABC and FSDMoç, these last an entity dedicated to the development of the financial sector with a focus on expanding and increasing levels of coverage and use, respectively, of financial services by small and medium-sized enterprises and the low- income.

Anne-Marie Chidzero, Executive Director of FSDMoç “We are pleased to partner with BancABC in testing new bank models without branches to reach the financially excluded, particularly in rural areas. This will require action to build financial literacy among people who may not be familiar with digital payment solutions. We are delighted that BancABC sees the commercial value of serving low-income families on a digital platform. And I hope they replicate the experience in other countries. “

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Author
Denise Alves