The Democratic Republic of Congo’s Banque Commerciale Du Congo (BCDC) has inked a deal to issue thousands of MasterCard Debit cards to its customers. The new cards will be targeted primarily at private banking clients and at expatriates living and working in the country.
African Economic Outlook forecasts the Congo’s Gross Domestic Product will reach 8.6% in 2015, driven by growth in the extractive, wholesale and retail trade, construction and agriculture sectors.
A recent MasterCard study found while payment products are quickly penetrating African consumer markets they are primarily used for income dispensing by not for payments. South Africa, Nigeria, Tanzania, Uganda and Egypt have advanced in enabling access to and driving usage of different financial products including payments, lending, long-term savings or investments, and insurance.
Banque Commerciale du Congo provides corporate, personal, institutional, and Internet banking services. It offers import/export financing, documentary transactions management, discounting, endorsement, guarantee issuance, investment credit, structured financing and syndication, cash management, international payment and foreign exchange, home and car loan, and personal loan services.
The company was founded in 1909 and is based in Kinshasa, Democratic Republic of the Congo.
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