Mastercard has joined forces with Smile ID, a leading African digital Know Your Customer (KYC) provider, to streamline the merchant onboarding process for businesses in South Africa, Nigeria, and across the continent.
Mastercard will offer Smile ID its Merchant Digital Onboarding Program (MDOP), which provides a secure and automated solution for acquiring partners such as banks, mobile network operators, and payment facilitators. This ensures that proper verifications are conducted when onboarding merchants.
With the integration of Smile ID’s advanced technology into the MDOP, acquiring partners can now digitally onboard merchants in over 50 African countries in under three minutes. This represents a significant improvement in efficiency, speed, and customer experience.
Smile ID’s comprehensive suite of solutions includes ID document verification, biometric face authentication, fraud prevention, and government database checks, among others. The integration of these tools ensures a seamless onboarding process while maintaining global best practices for security and efficiency.
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