Zambia | Financial Sector Deepening Zambia (FSDZ)

Electronic payments (e-payments) are transactions that occur without cash through a debit or prepaid card, a voucher, a mobile phone, or through an electronic-funds transfer (EFT). E-payments increase access to formal ways of saving and sending money, thereby reducing the risk of loss or theft of cash and increasing the ability for individuals to plan and save for the future. Individuals without bank accounts often do have access to mobile phones.


Significant research and reports demonstrate the widespread access to and relevance of mobile phones to individuals throughout Africa. Using electronic payments to replace cash eliminates high storage risk, high transport costs, the temptation and ease with which cash is spent, and the inability of cash to provide the poor with a financial history, which will help them to secure loans and other forms of financial support in the future.Zoona woman with phone cropped

The goal of FSDZ is to deepen the financial sector in Zambia so there is a wider range of financial services available to more people and businesses. It is hoped that the program will raise the number of people with access to appropriate financial services in Zambia to 50% of the population.

As one part of the overall project, MEDA will assess and implement interventions to leverage e-payments to overcome the constraints to poor people's access to financial services and markets, especially in the context of long distances; low population density; small transaction volumes; low education/financial literacy and; and limited banking infrastructure.

Project Quick Facts

Goal – Increase access to credit, savings, insurance, and electronic payments in order to raise real income or reduce vulnerability for poor people throughout Zambia

Reaching – 200,000

Funding – DFID

Duration– 2013 - 2018