Mastercard and MTN have announced a partnership to enable millions of consumers in 16 countries across Africa to make global e-commerce payments safely and securely.
Through a Mastercard virtual payment solution linked to MTN MoMo (Mobile Money) wallets, consumers and merchants can engage with brands and businesses abroad through digital commerce, extending their reach to an international marketplace and unlocking a host of opportunities.
MTN’s Group Chief Digital and Fintech Officer Serigne Dioum said mobile financial services have become the dominant form of digital payments, with twice as many mobile money accounts as bank accounts in the region.
As a result, he explained, consumers increasingly expect to have access to a broader range of digital financial services.
