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has collaborated with Scale, an issuer orchestration partner, to accelerate market deployment for fintech companies in Africa and the Middle East. The collaboration will evolve into a technology proposition, allowing any technology company to acquire Mastercard issuing capabilities via, aggregators, enablers, payment service providers , and telcos will have fewer obstacles to overcome in the technical and business realms when launching payment programs.
“At Mastercard, we are committed to working with local ecosystem players to drive the growth of innovative payment solutions across the region to bridge the digital gap, enhance financial inclusion, and improve access to financial services.
“Fintech companies move at speed and require commercially viable collaborations with experienced companies that cater to a cost-sensitive market. Through our exciting partnership with Mastercard, we are solving a major pain point and providing a single point of contact while absorbing the complexities of seeking a bank BIN sponsor, third-party processor, and other payment solution providers.
It will make it easier for banking institutions to work with other participants in the card value chain. In the interim, retailers will benefit from convenient access to digital financial services and products that will help them expand their enterprises. For example, a small retail business owner can easily integrate digital payment options into their store operations, allowing customers to make purchases using credit or debit cards.
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