Mastercard and Safaricom have partnered to enhance fee acceptance and cross-border remittances in Kenya. The partnership will profit over 636,000 retailers utilizing M-Pesa and allow them to serve clients globally. This collaboration will present sooner and extra dependable fee options for Kenyan companies and their clients.
Streamlining Cross-Border Transactions
The multinational fee card providers company, Mastercard has partnered with Safaricom to speed up the adoption of fee acceptance and cross-border remittance providers in Kenya. The partnership is predicted to profit over 636,000 retailers utilizing Safaricom’s cell cash service Mpesa.
By leveraging M-PESA’s intensive service provider community and Mastercard’s world fee infrastructure, the partnership will avail seamless and safer fee options to retailers enabling them to serve clients throughout world markets. The collaboration can even increase remittance providers and effectively streamline cross-border transactions.
Commenting on the collaboration, Amnah Ajmal, Government Vice President, EEMEA, Mastercard, stated:
We’re proud to companion with Safaricom to construct an inclusive digital economic system that works for everybody, in every single place. We are going to allow the retailers to develop and contribute to the Kenyan economic system.
By integrating Mastercard’s infrastructure, Safaricom is not going to solely enhance cross-border cash transfers but in addition present sooner and extra dependable transfers. This may advance its capability to assist retailers in accepting digital funds.
Esther Waititu, Chief Monetary Providers Officer at Safaricom Plc, stated the partnership with Mastercard creates new alternatives for M-Pesa retailers. This aligns with the Kenyan cell community operator’s broader purpose of delivering modern and customer-centric merchandise.
Waititu stated the mixture of Safaricom’s experience and Mastercard’s world acceptance community allows native companies to offer extra environment friendly and frictionless fee options to their clients, each in Kenya and past.