Innovation Competition: Transforming Lives by supporting Financial Innovation


MasterCardThe 2016 Innovation Competition is currently open. As in 2015, this competition requires proposals that seek to design, pilot, test and launch new financial products and services that can effectively meet the financing needs of people living in poverty in rural and agricultural areas.

To see the results of the 2015 Innovation Competition, kindly click here.

Is your idea innovative?

  • What is the potential for the proposed idea to change access to financial services in rural Africa?
  • In what way is the proposed idea new? Is it new to the financial services sector, new to the country, new to the continent? Perhaps it is even a first in the world?
  • To what extent does the proposed project reach financially underserved markets?

The Innovation Competition is open to project proposals where implementation will take place in the following countries:

  • Benin
  • Burkina Faso
  • Burundi
  • Cameroon
  • Côte d’Ivoire
  • Djibouti
  • DRC
  • Ethiopia
  • The Gambia
  • Ghana
  • Kenya
  • Liberia
  • Madagascar
  • Malawi
  • Mali
  • Mozambique
  • Niger
  • Rwanda
  • Senegal
  • Sierra Leone
  • Tanzania
  • Togo
  • Uganda
  • Zambia

The 2015 Innovation Competition ran from 20 January 2015 to 15 March 2015. The 2016 Innovation Competition runs from 1 February 2016 to 28 March 2016. Click here to read more.

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