Mastercard and MTN MoMo have partnered to introduce a prepaid virtual card for MTN’s mobile money users, granting access to over 100 million acceptance points globally.
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This collaboration aims to empower merchants on the MoMo platform to accept card payments easily and enhance cross-border remittance services for the fintech’s 60 million active monthly wallets across 13 African markets.
With this partnership, both virtual and physical Mastercard companion cards will be integrated into all MoMo wallets, facilitating broader user access and extending MTN’s reach on a global scale.
The collaboration between Mastercard and MTN facilitates the provision of advanced cybersecurity solutions to MTN’s operations, enhancing customer loyalty and trust.
This partnership aims to connect millions of individuals and small businesses in Africa to secure digital payment solutions, facilitating smooth mobile transactions.
Additionally, Mastercard’s technological expertise supports MTN’s goal of becoming the continent’s premier fintech platform, serving merchants and consumers alike.
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