Mastercard and Safaricom have partnered to enhance fee acceptance and cross-border remittances in Kenya. The partnership will profit over 636,000 retailers utilizing M-Pesa and allow them to serve clients globally. This collaboration will present quicker and extra dependable fee options for Kenyan companies and their clients.
Streamlining Cross-Border Transactions
The multinational fee card companies company, Mastercard has partnered with Safaricom to speed up the adoption of fee acceptance and cross-border remittance companies in Kenya. The partnership is anticipated to profit over 636,000 retailers utilizing Safaricom’s cellular cash service Mpesa.
By leveraging M-PESA’s intensive service provider community and Mastercard’s international fee infrastructure, the partnership will avail seamless and safer fee options to retailers enabling them to serve clients throughout international markets. The collaboration can even increase remittance companies and effectively streamline cross-border transactions.
Commenting on the collaboration, Amnah Ajmal, Govt Vice President, EEMEA, Mastercard, mentioned:
We’re proud to companion with Safaricom to construct an inclusive digital financial system that works for everybody, in all places. We are going to allow the retailers to develop and contribute to the Kenyan financial system.
By integrating Mastercard’s infrastructure, Safaricom won’t solely enhance cross-border cash transfers but in addition present quicker and extra dependable transfers. It will advance its capacity to assist retailers in accepting digital funds.
Esther Waititu, Chief Monetary Providers Officer at Safaricom Plc, mentioned the partnership with Mastercard creates new alternatives for M-Pesa retailers. This aligns with the Kenyan cellular community operator’s broader aim of delivering revolutionary and customer-centric merchandise.
Waititu mentioned the mix of Safaricom’s experience and Mastercard’s international acceptance community permits native companies to supply extra environment friendly and frictionless fee options to their clients, each in Kenya and past.
