MTN partners with Mastercard to enable global ecommerce payments
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Mastercard and MTN have partnered to enable consumers in 16 countries across Africa, to make global ecommerce 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. This solution will in turn will extend their reach to an international marketplace and unlock a host of opportunities.
In light of mobile device possession and internet access across Sub-Saharan Africa, mobile financial services have become the dominant form of digital payments. There are twice as many mobile money accounts as bank accounts in the region. As a result, consumers increasingly expect to have access to a broader range of digital financial services.