October 6

Mastercard Launches Pay-on-Demand Service

By Collins Mwai

Rwandans can now access smart handsets at low upfront costs and distribute payments over time following the launch of Pay-on-Demand payments platform which aims at driving the digital economy across Africa.

The platform was launched on the sidelines of GSMA Thrive Africa, a virtual summit held last week in partnership with Samsung, Airtel Africa and Asante Financial Services Group (“Asante”).

The platform, built by Mastercard Labs, seeks to bring convenient financing opportunities to consumers, entrepreneurs and merchants across Africa and overall helping to combat the socio-economic problems they face from restricted access to financing.

Photo courtesy of BBC World Service.

Source: The New Times (link opens in a new window)

Finance, Technology
digital payments, financial inclusion, innovation, microfinance, MSMEs