June 23

Mastercard and Zamtel Partner to Transform Payments in Zambia

Mastercard and Zamtel has announced entering into a strategic partnership that will enable Zamtel Mobile Money customers to make safe and seamless digital payments on the Mastercard network including international e-commerce transactions.

Under the collaboration, , Zamtel will launch a suite of Mastercard products including a Mastercard virtual solution, a physical debit card, and Mastercard QR, giving its Mobile Money customers new ways to access and pay for products and services to merchants accepting Mastercard in Zambia and abroad.The move expects to drive financial inclusion and improve access to the digital economy.

Source: IBS Intelligence (link opens in a new window)

Finance, Technology
digital payments, e-commerce, financial inclusion