Mastercard, in collaboration with Onafriq (formerly MFS Africa), a leading pan-African payments company, has announced a partnership aimed at enhancing payment options for consumers and SMEs across Africa.
Aligned with their shared commitment to advancing financial inclusion through an omnichannel approach, the collaboration seeks to drive the growth of digital financial services, including mobile money transactions, cross-border remittances, and settlements.
Amnah Ajmal, Executive Vice President of Market Development, EEMEA at Mastercard, emphasizes the significance of accessible digital payment solutions in empowering consumers to embrace digital commerce. Mastercard intends to leverage fintech partnerships in Africa to spur transformative change across various industries, benefiting individuals, communities, and businesses.
Dare Okoudjou, Founder and CEO of Onafriq, underscores the company’s focus on reducing the barriers posed by borders by providing networks and digital payment solutions, ensuring all Africans have access to the financial services necessary for business scalability and seamless transactions.
