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Mastercard Unveils New Podcast That shows How Financial Inclusion is Creating an Equitable Future for All

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After announcing its commitment to financially include one billion people into the digital economy by 2025, Mastercard is bringing awareness to some of the world’s most critical issues through an innovative podcast series ‘Journey to One Billion’.

Hosted by award-winning journalist and news anchor Fifi Peters, ‘Journey to One Billion’ features Mastercard experts, business leaders, community champions and entrepreneurs from across the Middle East and Africa (MEA) and around the world, who are working together to build a more inclusive and sustainable digital economy where people and the planet can thrive.

The ‘Journey to One Billion’ podcast charts Mastercard’s ten-year journey to bring 500 million excluded individuals into the digital economy – a goal that was achieved in 2020 – and then raised during the height of the pandemic with a new pledge to include 500 million more – making a total of one billion people by 2025.

Alongside this commitment the company will focus on empowering 50 million small businesses and 25 women entrepreneurs to growth their businesses.

The nine-part series spotlights the innovative partnerships, inspiring stories and technological advancements behind the ambitious goal, and offers solutions and insights around the key building blocks needed to create an inclusive digital economy.

“Financial inclusion is at the heart of Mastercard’s ambition to build a better a more inclusive world for everyone everywhere. In addition to being an impactful medium for storytelling, podcasts help to spark connection and conversation in new and meaningful ways.

Through the insightful stories shared in this podcast, we are looking to build a deeper understanding of the innovations and inspiring partnerships that are driving financial inclusion forward, supporting small businesses and helping to build a more connected and equal world,” said Beatrice Cornacchia, Senior Vice President Marketing and Communications MEA, Mastercard.

In episode one “Building a more inclusive and sustainable digital economy” we hear from Ajay Banga, Mastercard’s Executive Chairman, who took up the role after an 11-year tenure as Mastercard’s CEO. Hear his perspective on the power of the digital economy as a force for good in the world.

In episode two “Unleashing the power of the digital economy in the Middle East and Africa” we hear from Raghu Malhotra, Co-President of International Markets, Mastercard, who is responsible for the growth strategies of more than 200 countries and territories.

Raghu is passionate about financial inclusion and sees it as the pathway to levelling the playing field and creating opportunities for all.

In episode three “Unlocking the female economy and empowering women entrepreneurs” we hear from Ann Cairns, Executive Vice Chair, Mastercard and Sarah Beydoun, Founder and Creative Director of Lebanese fashion house and social enterprise Sarah’s Bag.

In further episodes, the podcast will also look at the impact of environmental sustainability, how Mastercard’s Priceless Planet Coalition is fighting climate change by planting 100 million trees in Kenya, Australia and Brazil. The acceleration of digital transformation, product innovation and marketing all play a part in helping to advance inclusion within the digital economy to ensure an equitable future for all, as subsequent episodes will show.

‘Journey to One Billion’ is available from today on all platforms, including Apple podcasts and Spotify and on the MEA Newsroom here.

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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NCC, CBN Unveil Refund Framework for Failed Airtime, Data Transactions

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Nigerian Communications Commission (NCC) and Central Bank of Nigeria (CBN) have finalized a consumer protection framework to swiftly resolve complaints from failed airtime and data purchases caused by network outages, system errors, or user mistakes.

NCC, CBN Unveil Refund Framework for Failed Airtime, Data Transactions

NCC, CBN

Developed after months of consultations with Mobile Network Operators (MNOs), Value Added Service (VAS) providers, Deposit Money Banks (DMBs), and other stakeholders, the framework responds to surging reports of debits without service delivery and prolonged resolution delays.

It unites telecom and financial sectors by pinpointing root causes—like debits without service credits—and enforces a Service Level Agreement (SLA) defining roles for all parties in transactions and refunds.

Key provisions include refunds within 30 seconds for debited but undelivered airtime or data (extendable to 24 hours for pending cases), mandatory SMS notifications on transaction status, and remedies for errors such as recharges to ported numbers, wrong purchases, or misdirected transactions.

NCC Consumer Affairs Director, Mrs. Freda Bruce-Bennett, highlighted a new Central Monitoring Dashboard, co-hosted by NCC and CBN, for real-time tracking of failures, culprits, refunds, and SLA violations.

“Failed top-ups are among the top three consumer complaints. True to our mandate, we prioritized a rapid solution,” she stated.

Bruce-Bennett thanked stakeholders, especially CBN leadership, noting that MNOs and banks have already refunded over N10 billion pending formal approval.

Implementation begins March 1, 2026, following regulator approvals and technical integrations by MNOs, VAS providers, and DMBs.


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NASENI Launches Inter-Agency Innovation Competition for MDAs

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National Agency for Science and Engineering Infrastructure (NASENI) has announced the launch of an Inter-Agency Innovation Competition and Awards to stimulate creativity and technological advancement among Ministries, Departments and Agencies (MDAs) of the Federal Government.

NASENI Launches Inter-Agency Innovation Competition for MDAs

NASENI

In a statement issued on Wednesday in Abuja, NASENI said the initiative was designed to harness innovative ideas from public servants that can drive indigenous industrialization, job creation and national progress.

According to the agency, the competition will provide a platform for MDAs to propose solutions in critical sectors such as health, agriculture, education and infrastructure, leveraging science and technology to improve public service delivery and enhance the quality of life for Nigerians.

“The competition seeks to promote collaboration and creativity among MDAs while addressing pressing national challenges through innovation,” the statement said.

NASENI urged interested MDAs to submit their entries through its innovation portal at naseni.gov.ng/innovation.

The agency reiterated its statutory mission “to develop and maintain a dynamic infrastructure to drive Nigeria’s indigenous industrialization, job creation and national progress,” adding that the competition would further strengthen efforts to unlock the nation’s potential through science and technology.


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Mandatory Biometric Verification for Starlink Users in Nigeria Begins

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Users of satellite internet service provider Starlink in Nigeria are being required to complete a biometric Know Your Customer (KYC) process as a precondition to continue enjoying their services, according to .biometricupdate.

Mandatory Biometric Verification for Starlink Users in Nigeria Begins

According to local reports, more than 66,000 Starlink subscribers in the country had a December 31 ultimatum from the Nigerian Communications Commission (NCC) to complete the biometric verification or have their connection discontinued.

The process essentially entails linking a Starlkink account with the subscriber’s national digital ID.

The NCC, which is Nigeria’s telecoms industry regulator, is said to have first issued the directive in August last year, setting a three-month deadline which was to elapse on November 19, TechCabal reports.

The body however later extended it to December 31 after consultations with industry stakeholders. The internet account-NIN linkage, the NCC said, is to enhance identity verification and strengthen security within the country’s telecoms space.

Just a few days to the December 31 deadline, Starlink’s Nigeria office sent an email to its subscribers reminding them of the KYC requirement, and warned that all those who fail to comply would be disconnected.

And that once disconnected, reconnection would depend on network capacity in the concerned area.

The service provider said in its email that the process takes less than two minutes and users can complete it by logging in to their account via an app.

One user, quoted by TechCabal, said one needs to upload their selfie biometrics, provide their national identification number (NIN) and then give their consent for the account to be linked to their ID information.

Starlink’s internet service is present in about 155 countries with nine million users, as of 2025. Its growth in Nigeria is said to be rapid, making it the second largest internet service provider in the country, according to The Traffic.

Biometric identification for Starlink subscribers could become a continent-wide trend given that some countries have expressed reservations in opening up their internet space to the company over security concerns.

There’ve been fears that jihadists in countries like Mali and Nigeria may have exploited Starlink terminals to coordinate terror operations, and cybersecurity experts have also warned of risks related to weak regulation, digital sovereignty and data breaches.

The requirement for Starlink internet users to have their accounts linked with the NIN is similar to the SIM-NIN linkage policy which the Nigerian government battled to implement for many years, with many deadline extensions.

In October last year, the NCC, which is was at the forefront of the policy implementation, announced that all active SIM cards across all network providers had complied with the directive which was issued in 2020.

The idea, the federal government argued, was to strengthen security and curb criminality such as kidnappings which are aided and abetted by improperly identified mobile phone numbers.


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