Mastercard and Onafriq have joined forces to introduce secure, cost-effective, and innovative payment solutions to consumers and (SMEs) across the continent.
Mark Elliott, President, Africa at Mastercard, Chrisitan Bwakira , Group Chief Commercial Officer at Onafriq, Muhammad Nana, Vice President: Fintech, Enabler & PSP Partnerships EEMEA at Mastercard. From left to right : Dimitrios Dosis, President EEMEA at Mastercard, and Dare Okoudjou, Founder & CEO of Onafriq.
Africa’s mobile money sector stands as one of the most established and rapidly expanding fintech industries globally. According toby the GSM Association, Sub-Saharan Africa boasts 835 million registered mobile money accounts, representing 48% of global users and recording a 19% annual increase.
“Technological advancements are reshaping the digital financial services landscape, and the provision of accessible digital payment solutions is crucial for empowering consumers to seamlessly transition to digital commerce,” stated Amnah Ajmal, Executive Vice President, Market Development, EEMEA at Mastercard. “At Mastercard, we aim to leverage fintech partnerships in Africa to drive transformative change across industries, benefiting individuals, communities, and businesses.
This partnership empowers Onafriq to cater to their consumers’ full spectrum of digital commerce needs, interactions, and experiences by harnessing Mastercard’s technology, facilitating a smooth transition into the digital economy. “Onafriq is committed to diminishing the significance of borders by providing networks and digital payment solutions that grant all Africans access to the financial services essential for scaling their businesses or conducting transactions,” commented Dare Okoudjou, Founder & CEO of Onafriq. “We are thrilled about our collaboration with Mastercard, as we share a robust alignment of vision and mission, interoperability, and market focus.
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