MasterCard, Bank of Kigali and RwandaOnline have launched Irembo, an online payment solution in Rwanda.
Powered by MasterCard payment gateway services, the new solution will make online payments safer, simpler and smarter.
In collaboration with governments, central banks and financial stakeholders, MasterCard is building strong electronic payment ecosystems that support Africa’s potential for economic transformation.
MasterCard and the Bank of Kigali launched the payment gateway solution in June 2016, a month after the signing of a memorandum of understanding (MoU) between MasterCard and the Rwanda Development Board (RDB).
As part of this initiative, RwandaOnline developed an online portal dubbed Irembo which comprises six government engines.
The portal currently enables citizens to make online payments to any of these government entities through the use of debit, credit or prepaid payment cards.
Users can pay for anything from driver’s licenses, birth certificates and identity cards. The portal also allows travellers to Rwanda to apply and pay for their travel visa.
Through the new payment channel, merchants are empowered to create new revenue streams as they are able to enter into the lucrative e-commerce market.
MasterCard division president of Sub-Saharan Africa Daniel Monehin said: “The launch of the MasterCard payment gateway service is an important milestone for us. By introducing this new technology to the country, we are helping merchants and consumers leapfrog into the digital age.
“We are extremely proud of the progress that has been made and during the last four months of working with the Irembo portal; we have gained invaluable insight that allows us to offer the solution that will best meet the needs of the local market.
“And the rollout of this solution solidifies our dedication to delivering cutting-edge technology which is safe and reliable.”