MasterCard, in collaboration with Letshego, has launched a debit card in Mozambique, aimed at improving access to secure, convenient and globally accepted digital payment solutions.
According to the companies, the shift from cash to digital payments is widely regarded as a cornerstone of financial inclusion, providing underserved communities with access to formal financial services and safer ways to manage money.
The introduction of the Letshego Debit Card supports Mozambique’s transition towards a more inclusive digital economy.
With digital payment adoption estimated at around 22% of adults, the initiative reflects an opportunity to broaden access to formal financial tools.
According to the World Bank’s Global Findex 2025 , while 79% of adults globally have access to a financial account, more than one billion people remain excluded, highlighting the role digital payments can play in bridging the gap.
Leveraging MasterCard’s global network, the card enables customers to transact locally and internationally, supporting everyday payments and broader participation in the formal financial system.
The partners said the debit card also reflects both organisations’ focus on innovation, financial resilience and broader economic participation.
Gabriel Swanepoel, division president for Africa at MasterCard, said: “Expanding access to secure and reliable digital payments is essential to enabling broader financial participation. The Letshego Debit Card provides consumers with a simple, trusted way to transact, supporting greater inclusion and unlocking long-term economic opportunity. “
He added: “By equipping more individuals with the tools to participate in the digital economy, we are helping to build financial resilience and empower communities to thrive in an increasingly connected world.”
Carlos Nhamahango, CEO of Letshego Mozambique, added that the launch coincides with the firm’s 15-year presence in the country and reflects its continued commitment to innovation and meaningful local impact.
By enabling secure digital transactions, the Letshego Debit Card aims to improve consumer convenience and safety, support merchants through wider digital payment acceptance, and contribute to the development of Mozambique’s financial infrastructure.
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