Safaricom and Mastercard Revolutionize Remittances for Kenyan Merchants
Friday, 20 September 2024, 00:10
Enhancing Remittance Solutions in Kenya
Safaricom has launched an initiative in partnership with Mastercard to improve remittances for M-Pesa merchants. By integrating Mastercard GlobalPay, the objective is to streamline cross-border transactions, making them faster and more user-friendly for Kenyan businesses.
Key Features of the Partnership
- Faster Transactions: The integration allows merchants to receive funds almost instantly.
- Wider Reach: Supports diverse international payment options beneficial for local businesses.
- Improved Security: Enhanced security protocols ensure safer transactions for all users.
This collaboration between Safaricom and Mastercard exemplifies the push towards digital finance in Africa, positioning Kenyan merchants to compete on a global scale.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.