Empowering African Businesses for Secure African Payments
- Mastercard and Onafriq have joined forces to introduce secure, cost-effective, and innovative payment solutions to consumers and SMEs in Africa.
- Sub-Saharan Africa has 835 million registered mobile money accounts, representing 48% of global users.
- The collaboration aims to bolster the growth of digital financial services, including mobile money transactions and cross-border remittances.
The partnership between Mastercard and Onafriq is a significant step towards enhancing financial inclusion and driving digital transformation in Africa. By leveraging technology and fintech partnerships, Mastercard aims to empower individuals, communities, and businesses, benefiting the continent's payment ecosystem. This collaboration aligns with the shared vision of both companies to provide accessible digital payment solutions and contribute to economic development in Africa.
