IFC buys into Net 1 UEPS to strengthen financial inclusion in Africa

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The institution is looking for alternative ways to provide financial services to the unbanked.

The International Finance Corporation (IFC) has agreed to buy 18 per cent of Net 1 UEPS to use its technological solution to bring financial services to emerging markets in Africa and beyond.

"We are completely aligned with IFC through our shared vision of providing financial inclusion to the billions of unbanked and under-banked citizens of the world," said the chief executive of Net 1, Serge Belamant, in a press release. 

IFC has been investing in disruptive technologies around the world to help expand access to financial services.

 

Full story on mfw4a.org

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