Mastercard and Enza collaborate to Power fintech innovation across Africa
Fintech companies can now embed Mastercard payments directly into their digital solutions using enza’s platform
“At Mastercard, we are focused on powering the fintech ecosystem by enabling access to our trusted global network. Through our work with enza, fintech innovators in Africa will be able to deploy embedded payment capabilities more efficiently – helping accelerate financial inclusion and the region’s digital transformation,” said Mete Guney, executive vice president, Market Development, EEMEA, Mastercard.
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“enza is on a mission to make digital payments more accessible and affordable across Africa, helping to build a more financially inclusive continent that is ready and able to compete globally. Our collaboration with Mastercard leverages our existing relationship to more effectively serve the fintech community. Together, we will provide innovators with a platform capability that means they do not need to build this aspect of their proposition and can get to market with greater speed and security,” said Andrew Key, Executive Director, enza.
Looking ahead, a strong majority of digitally enabled SMEs recognize the importance of digital payments for future growth and plan to further invest in payment technologies.This report explores the evolving digital payments landscape in Kenya, examining the benefits, barriers, and opportunities for growth.
It proposes a multi-pronged approach, emphasizing targeted interventions to address merchant and consumer concerns, improve infrastructure, and promote the security of digital payments, especially given the persistent concerns about cash handling among businesses.
By leveraging Visa’s expertise and innovative solutions, such as Tap to Phone, while also fostering collaboration between government and the private sector, Kenya can unlock the full potential of digital payments, driving economic growth and fostering a more inclusive financial ecosystem.
