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Safaricom PLC Partners with Mastercard to Enhance Digital Payment Solutions and Cross-Border Remittances Safaricom PLC and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration is set to benefit over 636,000 merchants using M-PESA, Safaricom’s leading mobile money service. Kenya’s payment acceptance market continues to grow, with mobile wallet payments driven by M-PESA showing a 12.7% CAGR between 2020 and 2024. Leveraging M-PESA’s extensive merchant network and Mastercard’s global payment infrastructure, this partnership will make more seamless, secure, and scalable payment solutions available to merchants, enabling them to serve customers across global markets. The partnership will also boost remittance services, streamlining cross-border transactions efficiently. “We are proud to partner with Safaricom PLC to build an inclusive digital economy that works for everyone, everywhere. We will enable the merchants to grow and contribute to the Kenyan economy,” said Amnah Ajmal, Executive Vice President, EEMEA, Mastercard. Read more: https://lnkd.in/dYQTxZHZ #Partnership #DigitalPayment #CrossBorderRemittances #Mastercard #Safaricom #Kenya #mobilemoneyservice.

South African fintech Peach Payments partners with top bank Nedbank to enable e-commerce payments. Now, Peach Payments supports Nedbank Direct EFT for secure #onlinetransactions, enhancing customer convenience and safety. This move aligns with the open banking trend, providing more options for consumers and businesses. Nedbank Direct EFT integrates seamlessly with Peach Payments' platform, offering a reliable payment solution for Nedbank customers. This collaboration reflects the evolution of #fintech, where traditional banks and tech innovators join forces to deliver enhanced financial services. The goal is to democratize e-commerce and empower consumers with safe, efficient payment methods. Peach Payments continues its expansion as a leading online payment gateway, leveraging partnerships like Nedbank Direct EFT to drive e-commerce growth. With a focus on security and convenience, this alliance enhances the e-commerce experience for businesses and customers across South Africa. Andreas Demleitner Rahul Jain. #ecommerce #banks #fintech #payments #hakunamatatamedia Source: ITWeb Africa

Network International has partnered with Prime Bank in Kenya to expand access to digital payment solutions. This collaboration will allow Prime Bank's corporate and enterprise clients to leverage Network's comprehensive range of payment options, including mobile money, card payments, and QR code solutions. The partnership is intended to enrich the experience of customers by providing flexible payment solutions in more than 140 currencies, and to service local and international customers. This strategic partnership aligns with Network International's recent launch of in-store payment solutions in Kenya and contributes to its goal of accelerating digital payments across the Middle East and Africa region. Prime Bank's clients will receive point-of-sale machines and QR code solutions, while e-commerce customers will benefit from free integrated payment plugins. Through this initiative, diverse payment methods will be brought under one roof – improving business efficiency and customer experiences; something that will spur financial inclusion and digital transformation in Kenya's payment landscape. #DigitalPayments #FinancialInclusion #KenyaFintech #NetworkInternational #BankingInnovation

Safaricom and Mastercard Partnership: Enhancing Digital Payments and Remittances in Kenya Safaricom, a leading telecommunications company in East Africa, and Mastercard, a global payment technology company, have partnered to expand payment acceptance and cross-border remittance services to over 636,000 merchants in Kenya through M-PESA, Safaricom’s mobile money platform. Key Highlights: Seamless and Secure Payment Solutions: The partnership will leverage M-PESA’s extensive merchant network and Mastercard’s global payment infrastructure to provide merchants with faster and more reliable payment options. Cross-Border Remittances: The collaboration aims to streamline international money transfers, making it more efficient for Kenyan businesses and individuals to receive and send money globally. Inclusive Digital Economy: Mastercard’s Executive Vice President for EEMEA, Amnah Ajmal, emphasized the partnership’s focus on building an inclusive digital economy in Kenya, enabling merchants to grow and contribute to the local economy. Scalable Digital Payments: By embedding Mastercard’s omnichannel acceptance solutions across M-PESA’s merchant space, the partnership aims to scale digital payments across Kenya, aligning with Safaricom’s mission to deliver innovative, customer-centric products. Impact: Growth Opportunities: The partnership is expected to unlock substantial benefits for Mastercard, as Kenya’s digital payment landscape experiences rapid growth, with mobile wallet payments driven by M-PESA showing a 12.7% CAGR between 2020 and 2024. Increased Transaction Volumes: Mastercard will benefit from improved transaction volumes, aiding its top line in the future. Strategic Positioning: The partnership positions Mastercard to leverage future growth opportunities and reinforce its brand as a leader in the global payments industry. Conclusion: The Safaricom and Mastercard partnership demonstrates a commitment to enhancing digital payments and remittances in Kenya, promoting financial inclusion and economic growth. By combining their expertise, the two companies aim to provide merchants with more efficient and frictionless payment solutions, both locally and globally. #Safaricom #MasterCard #TechPatnerships #CreativeGeeks

Network International launches new payments services in Kenya Network International just rolled out exciting new payment solutions in Kenya! These include easy-to-use point-of-sale (POS) systems and QR code payment options that’ll make life easier for businesses, especially small ones. Now, merchants can accept payments from mobile wallets or cards seamlessly, and even track all transactions in one place. It’s all about making digital payments more accessible while boosting business growth. Plus, it’s a big step toward financial inclusion in Kenya’s fast-evolving payment market! Read more 👇 https://okt.to/oyrCEG #Payments #Fintech #Digital #technology #DigitalTransformaton

Kenya's digital payments ecosystem to improve from Safaricom PLC-Mastercard alliance Safaricom PLC and Mastercard have entered into a strategic partnership aimed at accelerating the adoption of payment acceptance and cross-border remittance services in Kenya. The collaboration is expected to benefit over 636,000 merchants using Safaricom’s flagship mobile money service, M-PESA Africa, by providing them with more secure, scalable, and seamless payment solutions. This will enable businesses to better serve customers both locally and globally, leveraging M-PESA’s extensive merchant network and Mastercard’s global payment infrastructure. Kenya’s payment acceptance market has seen significant growth, with mobile wallet payments through M-PESA recording a 12.7 per cent compound annual growth rate (CAGR) between 2020 and 2024. The new partnership aims to capitalize on this momentum while enhancing cross-border remittance services, stream lining international transactions for customers. This initiative is poised to further strengthen Kenya’s position as a leader in mobile wallet innovation and digital financial services. - - #DigitalEconomyMagNews #Safaricom #Mastercard #MPESA

Safaricom PLC and Mastercard partner to expand #Digital #Payments in #Kenya https://lnkd.in/ep_bbxvX Thanks to a new partnership between Safaricom PLC and Mastercard, over 636,000 #Kenyan retailers will now accept payments and receive remittances. This collaboration aims to accelerate #Kenya’s adoption of #cross-#border remittance services and #digital #payment acceptance, with M-PESA Africa merchants expected to see significant growth in #mobile wallet payments by 2024. The partnership integrates Mastercard’s #global #payment infrastructure with M-PESA’s merchant network, offering seamless, secure payment solutions and enhancing cross-border money transfers. Digital Payments #Fintech #Kenya M-PESA Africa How do you see #digital payments transforming #Africa's #economy? https://lnkd.in/ep_bbxvX

Mastercard has partnered with Ethiopian commercial bank Awash Bank to launch improved payment options that will allow customers to withdraw cash from ATMs, make payments at PoS terminals and shop online at any merchant that accepts Mastercard across the globe, among other services. “This development points to an improvement in Ethiopia's card industry, as the cards enable online payments for customers and merchants worldwide while also assisting the bank in diversifying and expanding its service offerings. “Furthermore, customers can easily add funds to the Awash Mastercard at Forex bureaus as needed, making it an excellent choice for international payments and travel expenses.” Via Techpoint Africa. https://lnkd.in/dRNUgZ5G #financialservices #fintech #banking #digitalbanking #payments #paymentsolutions #africa

Today, Fonepay is making a transformative leap in financial inclusion with the launch of our Domestic Scheme Digital-First Card. With #CreditCard penetration in Nepal at just 2%, this launch addresses a critical gap in our payments landscape. Traditional credit cards have been the norm for years, but they come with their own set of limitations. We see these limitations as opportunities to innovate. Our #VirtualCreditCard offers instant access and connects to vast network of merchants nationwide, from local vendors to major retailers. It’s more than just a product launch; it’s about creating a flexible, adaptive solution tailored to the evolving needs of Nepali consumers, and building a more inclusive, interconnected financial ecosystem that empowers both consumers and businesses in the digital age. We’re thrilled to take another leap forward with the launch of Nepal’s first-ever Virtual Credit Card – made possible through our #collaboration with Citizens Bank International Limited And to celebrate this milestone, we’re offering a 50% instant cashback of up to Rs. 1,000 on transactions made using the Citizens Fonepay Credit Card.  At Fonepay, we’re committed to bringing the future of payments to you.  #VirtualCreditCard #FonepayCreditCard #CashlessNepal #Cashback #DigitalBanking #PaymentsInnovation #DigitalFirstCard

Exciting news! we are thrilled to lauch Nepal's first ever virtual credit card- The "Citizens Fonepay Credit Card" Credit at your finger tips! Now, enjoy seamless & secure transactions right from your phone. Proud to be part of this innovation that empowers customers with financial flexibility like never before. #fonepay #CitizensBank #fintech #innovation