MasterCard Launches a Digital Payment Platform in Africa

Mastercard has launched a digital payment platform in Africa to help its customers adopt mobile-based transactions. Like you know, Mastercard is the leading company in the technology of digital payment.

Meanwhile, this new platform is to operate across 40 African countries. However, after its launch, the interface will be very easy to use. This service will be available in key countries like:

  • South Africa

The digital payment platform will lay the foundation for a simplified to a growing range of MasterCard products. Thus, the platform will allow payment issuers and banks to deliver payment solutions, which include:

  • Peer to peer payments
    Virtual Cards
    Digital walletsDigital Payment Platform in Africa

According to the Senior VP, Product Management of Digital Payments & Labs of MasterCard EA, Gaurang Shah,

“Improved adoption of digital payments means more users and businesses will benefit from the growing digital economy. Therefore, Mastercard’s secure technology will be accessible by more people through this digital platform. Thus, we are proud to launch this initiative with Network Initiative – our long-term partner”.

Last year, Mastercard added crypto firms to its accelerated card program. It was thereby giving them access to the payment rail.
The launch of this digital payment platform will likewise encourage cryptocurrency adoption across Africa.

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