Mastercard and Safaricom Partner to Enhance Digital Payments in Kenya
MAMastercard(MA) ZACKS·2024-09-21 02:21

Mastercard Incorporated (MA) recently announced its partnership with Safaricom to expand payment acceptance and cross-border remittance services to over 636,000 merchants in Kenya through M-PESA, Safaricom’s mobile money platform. This collaboration is expected to unlock substantial benefits for Mastercard, as Kenya’s digital payment landscape experiences rapid growth. The initial initiatives are set to launch in the coming months, furthering Safaricom’s journey to obtain its acquiring license and offering ...