LCB Bank, a subsidiary of BMCE Bank of Africa Morocco, and Mastercard have announced a partnership focused on digitising the Republic of Congo’s financial economy in support of the countries desire to financially empower its citizens.
The partnership agreement will strengthen the payment landscape through the introduction of relevant solutions, thus encouraging the introduction of new digital solutions which will promote further innovation in the sector.
Modernising the local payment sector will result in all citizens gaining access to a wider selection of convenient, secure and easy to use payment solutions. EMV Chip and Pin enabled Mastercard payment cards will be introduced including prepaid, debit and credit, followed by solutions such as Masterpass QR.
“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” said, Mohamed Tahri, GM of LCB Bank.
With focus on delivering against the countries goals of developing a more inclusion economy, access to locally relevant financial services will become a reality for all citizens, coupled with the power of acceptance at locations across the country, and millions of acceptance locations across the world.
“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,” explains Mohamed Elbelamachi, Area Business Head, Francophone Sub Saharan Africa, Mastercard.
Elbelamachi concluded by saying: “We are pleased to be part of this transformation journey in the Republic of Congo.”
LCB Bank was set up in 2004, with the participation of BMCE Bank of Africa, its major shareholder. The bank has a share capital of $10 billion FCFA.
Due its integration, its knowledge of the economic environment, the diversification of its customer base and the richness of its human capital, LCB Bank is working to consolidate its position on the Congo financial sector. LCB Bank has the widest network banking in Congo, with 19 branches located in several parts of the country.