Equity Bank Uganda and UNCDF have partnered in driving financial inclusion in Uganda under a program called MM4P – Mobile Money for the Poor. Equity Bank Uganda Limited today showcased the technology, process and applicability of this solution in Uganda at the Kampala Serena hotel through their biometric card solutions that will enable secure electronic cash transfer to refugees.
Equity Bank is the first to go to market with this innovative solution in Uganda delivering last mile distributions & enabling a transition from humanitarian response to development. Equity Bank in Kenya is currently running a program called the national hunger safety net program with 420,000 beneficiaries with total funds disbursed at 4.79 billion Kenya shillings.
Equity Bank partners include UN, World Bank, UNCDF, Financial Sector Deepening to mention but a few. Equity Bank is giving refugees the tools they need to increase their resilience & the development partners efficient and transparent solutions for cash transfers. This system will be scaled using the agency banking model, currently launched with support from UNCDF.