EFT Corporation (EFTCorp) has partnered with Zimbabwe's EmpowerBank, a youth-focused microfinance institution, to empower entrepreneurs, develop financial resilience, and accelerate long-term economic inclusion through digital solutions.
According to EFTCorp, by delivering scalable digital infrastructure and personalised banking solutions, the company enables institutions like EmpowerBank to target underprivileged and sometimes excluded communities in a more efficient and secure manner.
The duo is working to create an enablement ecosystem in which 'technology meets purpose' and young people and women can succeed as entrepreneurs, earners, and change agents.
EFTCorp said that in a country where more than 60% of the population is under the age of 25, and women continue to be underserved by formal banking, access to financial services can be a life-changing opportunity.
“Financial inclusion is not a one-size-fits-all model, we understand the regional, regulatory, and customer nuances that define financial ecosystems in countries like Zimbabwe. Our role is to build the technology that enables inclusion at scale, from transaction switching and point of sale payments to digital issuing and mobile-first banking solutions that reach underserved customers,” said Farai Tigere, managing director of EFTCorp, Zimbabwe.
EmpowerBank's acting CEO, Christopher Mwerenga, sees financial access as a vehicle for empowerment.
He said: “When we support a young entrepreneur or a youth-led microbusiness, we’re not just supporting an individual, we’re helping build community-level resilience and sustainable livelihoods.”
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