Mastercard And Safaricom Partner To Expand Remittances And Payment Acceptance To Over 636K Merchants In Kenya
Portfolio Pulse from Benzinga Newsdesk
Mastercard and Safaricom have partnered to enhance payment acceptance and cross-border remittance services in Kenya, benefiting over 636,000 merchants using M-PESA. This collaboration leverages M-PESA's network and Mastercard's infrastructure to provide scalable payment solutions and streamline remittances.
September 19, 2024 | 1:57 pm
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Mastercard's partnership with Safaricom aims to expand payment acceptance and remittance services in Kenya, leveraging M-PESA's network. This could enhance Mastercard's presence in the growing Kenyan market.
The partnership with Safaricom allows Mastercard to tap into the rapidly growing mobile payment market in Kenya, potentially increasing its market share and revenue in the region. The collaboration enhances Mastercard's service offerings and strengthens its position in cross-border remittances.
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