Commitment to Action

Reaching the Poor through Mobile Banking Services

Commitment by

Wizzit

In 2008, WIZZIT committed to help bank five billion people who had no access to basic financial services. To do this, WIZZIT will partner with national banks to bring scalable, replicable, and commercially viable mobile banking to unbanked populations. WIZZIT will also launch a loans business that provides both personal and business loans to small and micro businesses.

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Overview
Summary

Commitment

Reaching the Poor through Mobile Banking Services

Launched

2008

Est. Duration

7 years

Estimated Total Value

$10,000,000

Region

Europe, Latin America & Caribbean, Africa

Countries

ALBANIA, ARGENTINA, BOTSWANA, CAMEROON, MEXICO, MOZAMBIQUE, NAMIBIA, NIGERIA, ROMANIA, RWANDA

Commitment by

Wizzit

Partner(s) of the Commitment Maker(s)

Erste Group Bank AG, Royal Bafokeng Holdings, Oikocredit, IFC, United States Department of State