Member News: 250,000 African merchants will be financially empowered by Masterpass QR
Merchant service provider, Kopo Kopo, announced their partnership with Mastercard today to roll out Masterpass QR across 11 markets in Sub-Saharan Africa, impacting over 250,000 micro and small businesses over the next five years. The announcement was made during the inaugural Financial Times Africa Payments Innovation Summit, in Nairobi, Kenya.
The mobile payment solution will deliver an efficient and secure acceptance solution for micro, small and medium enterprises (MSMEs) and a convenient consumer experience. Bank acquirers in partnership with Kopo Kopo, in the various markets, will enable previously excluded merchants to be financially included as part of the rollout.