Mastercard and Onafriq have joined forces to bring innovative payment solutions to the African continent. This partnership aims to address the challenges faced by the African payment ecosystem and provide seamless and secure payment solutions.
The partnership between Mastercard and Onafriq is focused on leveraging Mastercard’s global expertise and experience in payment technologies, while leveraging Onafriq’s local knowledge and presence in Africa. Together, they aim to develop innovative solutions that address the unique needs of the African market.
Mastercard and Onafriq will develop digital payment solutions that leverage technology such as mobile wallets, QR codes, and biometrics to make payments more convenient and secure.
These solutions will enable businesses to accept and process payments seamlessly, reducing transaction times and costs associated with traditional payment methods.
The partnership will focus on expanding financial inclusion in Africa by providing affordable and accessible financial services to the unbanked and underbanked population.
Mastercard’s robust security measures, including its SecureCode and Mastercard ID Theft Protection Services, will be integrated to ensure the safety and security of transactions.
The partnership will enable businesses to significantly reduce transaction costs, leading to increased efficiency and profitability.
By using Mastercard’s advanced technology, transactions will be faster and more efficient, providing a better customer experience.
The partnership between Mastercard and Onafriq is a significant step towards building a robust and innovative payment ecosystem in Africa. By combining Mastercard’s global expertise and Onafriq’s local knowledge, they aim to provide solutions that address the challenges faced by individuals and businesses in the region. This partnership has the potential to revolutionize the way payments are made in Africa, driving economic growth and financial inclusion.