By Juliet Umeh
Global payments industry, Mastercard and enabler of digital commerce in the Middle East and Africa, MEA, region, Network International, have collaborated to launch a new digital platform.
According to the partners, the platform will accelerate the adoption of digital payments across the Middle East and Africa.
They explained that with the launch, Network International will help its clients to enable mobile-based payments for their consumers and merchants across various channels.
It said: “Merchants will now have one simple-to-use technology interface through which they will be able to accept multiple payment types, ranging from USSD, Quick Response (QR) to Standard POS and ecommerce, with mobile money and Tap on Phone (technology which allows merchants to accept contactless card payments directly on their smartphone or tablet) coming online later in 2021.
According to the two companies, the solution will initially be launched across 40 African countries including Nigeria, Kenya, Ghana and South Africa and extended across the rest of Middle East and Africa in the coming months.
With the solution, payment issuers and banks will be able to offer their consumers state-of-the-art and easy-to-use payment solutions including Digital Wallets, Person-to-Person (P2P) Payments and Virtual cards.
Additionally, the platform lays the foundation for financial institutions to simplify access to a growing range of best-in-class Mastercard products.
Speaking on the launch, Mastercard President in MEA on Product Management, Digital Payments & Labs, Gaurang Shah, said: “Accelerated adoption of digital payments means more consumers and businesses are enabled to benefit from a growing digital economy and a world beyond cash.
Mastercard’s trusted, secure technology will be available to more people through this digital platform and we are very proud to activate this important initiative with Network International as our long-term strategic partner.”
Also, Group Head of Product & Innovation, Network International, Paul Clarke, said:
“Our partnership with Mastercard is focused on rapidly growing electronic payment usage across our region and this initiative is a major foundational step in meeting that goal.
“We believe the launch of this platform is the first in a series of steps towards delivering simplified, collaborative payment solutions across the payments value chain in the Middle East and Africa.
“We have plans to grow the platforms’ capabilities so that we can help our joint customers, large and small, accelerate the move from cash to digital solutions,” he added.