Commonwealth Finance Solutions (UK) Ltd
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what CFS is doing...
- Extending the accessibility of Micro-Finance and Micro-Lending to a much wider audience in the developing Commonwealth countries.
- Reducing the cost of international transfers and other banking transactions.
- Introducing new and market changing financial vehicles that address the needs of the people in developing countries.
- Developing international network of advanced ATM and POS machines to facilitate the movement of cash between migrants and their home countries as well as the provision of other micro-finance services.
- Setting up ZippMoney Centres to provide physical locations where financial advice can be delivered.
- Training and qualifying independent financial advisors to provide advice and education from the ZippMoney Centres to the catchment populations.
Uganda, first...
- Pilot Project underway in Uganda.
- 500 ZippMoney Centres to be built over 5 years provide coverage of the Ugandan population. A network of 5000 POS machines that will be able to receive international transfers are being established.
- Official launch at CHOGM 07 in November, in Kampala
- CFS/Zipp operate an inclusive strategy that welcomes partnerships with local and international banks and ATM networks.
Making a difference
how this helps you
- Send and receive money internationally and save money…
- Keep your money safe and draw what you need when you need it
- Make your money work for you and earn interest on your savings…
- Access other financial services
- Access the electronic payment system for paying utility bills and wages
