May 23

OPay, Mastercard Tie-Up Drives Financial Inclusion in Middle East, Africa

OPay and Mastercard are collaborating to drive financial inclusion across the Middle East and Africa by partnering to open up digital commerce in the region, according to a press release Wednesday (May 18).

The mobile payments FinTech startup OPay was launched in Nigeria in 2018 by founder and CEO Yahui Zhou. The partnership with Mastercard allows merchants in Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa and the United Arab Emirates to further engage with businesses around the world, per the release.

Mastercard said it is working to develop more inroads to assist emerging markets. Its collaboration with OPay and similar growing FinTechs will help it create new pathways to support financial inclusion and the next generation of super-apps, per the release.

Photo courtesy of Simon Berry.

Source: PYMNTS (link opens in a new window)

digital inclusion, e-commerce, financial inclusion, fintech