LCB Bank, a subsidiary of BMCE Bank of Africa Morocco Group, has inked an agreement with Mastercard to launch EMV Chip and Pin enabled payment cards.
Under the agreement, the bank will also introduce Mastercard’s digital wallet service Masterpass QR, which allows users to pay for goods and services from their mobile phones.
Mastercard said that this partnership agreement will strengthen Congo’s payment landscape through the introduction of relevant solutions, thus encouraging the introduction of new digital solutions which will promote further innovation in the sector.
LCB Bank general manager M. Mohamed Tahri said: “We, LCB Bank together with Mastercard are dedicated to providing access to affordable financial services to all citizens in the Republic of Congo.
“Through our relationship, LCB Bank is now licensed to provide a wide range of Mastercard products and services, giving both locals and foreigners the ability to pay for goods and services more securely and conveniently, both regionally and globally.”
Mastercard area business head of Francophone Sub Saharan Africa Mohamed Elbelamachi said: “The Mastercard – LCB Bank relationship forms part of our commitment to financially empowering 100 million people across Africa by 2020, and will help ensure that we are able to offer customers continued support across the country.”