Mastercard and Safaricom Revolutionize Cross-Border Payments in Kenya

Thursday, 19 September 2024, 09:40

Mastercard and Safaricom join forces to redefine cross-border payments in Kenya. This innovative partnership aims to empower over 636,000 Kenyan merchants by enhancing payment acceptance and simplifying remittance processes.
Benzinga
Mastercard and Safaricom Revolutionize Cross-Border Payments in Kenya

Transforming Cross-Border Payments

Mastercard has entered a critical partnership with Safaricom to enhance the payment landscape in Kenya. This collaboration targets over 636,000 merchants, providing them seamless payment acceptance capabilities. The initiative aims to streamline cross-border remittances, fostering greater merchant growth and financial inclusivity.

Key Features of the Partnership

  • Seamless Transactions: Enabling quicker, more efficient cross-border payments.
  • Merchant Empowerment: Supporting over 636,000 merchants with enhanced payment solutions.
  • Streamlined remittance processes to bolster economic activity in Kenya.

Potential Impact on the Market

This move not only reinforces Mastercard’s commitment to innovation but also supports the Kenyan economy by improving access to financial services for small businesses. The collaboration anticipates significant growth within the local market, positioning both Safaricom and Mastercard as leaders in financial technology.


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.

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