The announcement comes at a time when e-commerce and online shopping are reaching record levels across Africa. According to the Economy 2021 Outlook conducted by the Mastercard Economics Institute, 20 per cent to 30 per cent of the COVID-19-related surge in e-commerce will remain a permanent feature of overall retail spending.
And shopping through mobile is largely how consumers access these opportunities.
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“We are very excited about this partnership with Mastercard, which is another step in realising our ambition to build Africa’s largest fintech platform, accelerating economic and social development through digital innovation to the benefit of citizens across the continent and beyond,” said MTN Group Chief Digital and Fintech Officer Serigne Dioum.
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.
Partnership will enable millions of MTN customers to pay on global online platforms with a Mastercard virtual payment solution linked to MTN MoMo wallet Mastercard’s technology will enable new digital commerce opportunities for consumers and merchants with or without a bank account, through a simple and secure payment experience Collaboration underpins a new wave of … Read More
by TINTSWALO BALOYI JOHANNESBURG, (CAJ News) – A STRATEGIC partnership between Mastercard and MTN will enable millions of MTN Mobile Money (MoMo) customers t