• Home
  • Business
  • Kenya: Mastercard & Amazon partner to enable digital payment acceptance in Middle East & Africa
Image

Kenya: Mastercard & Amazon partner to enable digital payment acceptance in Middle East & Africa

Mastercard and Amazon Payment Services have signed a commercial partnership agreement to digitize payment acceptance in the Middle East and Africa. This includes customers in South Africa, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, and UAE.

As part of the partnership agreement, Amazon Payment Services will adopt Mastercard Gateway as a payment solution available in 40 markets in the region. The integration of the solution will enable merchants to offer fast, secure, and convenient payment choices to customers.

In line with the increase in digital payments, the partnership will benefit thousands of Amazon Payment Services merchants, including Amazon online stores for shoppers across the UAE and Egypt. In addition, it will open new opportunities for building synergies with entities such as telcos and governments to enhance their checkout options, driving a faster and more secure transaction rate for their customers.

The two organizations have also signed an innovation agreement to develop Secure Card on File, Click to Pay, and token authentication services. These will provide multi-rail checkout options to merchants, and a faster checkout experience to end customers.

Commenting on the partnership with Amazon Payment Services, Amnah Ajmal, Executive Vice President, Market Development, EEMEA, Mastercard said, “We are proud to partner with Amazon Payment Services to scale payment acceptance and accelerate digitization of payments with innovation solutions.”

On his part, Peter George, MD Amazon Payment Services, Middle East & North Africa said, “We are delighted to strengthen our collaboration with Mastercard, to deliver on our common goal of shaping the future of online payments in the region. Implementing Mastercard Gateway will empower us to expand our reach as a PSP and reduce the burden of integration, since the advanced technology solution is connected to all major acquirers around the world.”

Source: hapakenya.com

Related Posts

KW-PPA calls for stronger collaboration for service delivery

The General Manager of the Kwara State Public Procurement Agency (KW-PPA), QS Raheem Abdulbaki, has called for enhanced…

Maersk expands West Africa footprint with Senegal facility

In a bold move to strengthen its logistics footprint across West Africa, global shipping and logistics giant Maersk…

Kenya:Britam profit jumps 53.5% for fourth straight year

Britam Holdings posted a 53.5 percent jump in net profit to a record Sh5.03 billion ( over $38.9…

Lobna Helal leads Telecom Egypt board

Telecom Egypt has ushered in a new chapter with the appointment of Lobna Helal as the chair of…

IHS reports $236m Q4 profit despite annual loss

IHS Holding Ltd. (IHS) has announced a pre-tax profit of $236.35 million for the fourth quarter of 2024,…

Mastercard Teams Up with Paymentology to Expand Financial Access in South Africa

Mastercard is deepening its collaboration with Paymentology, a next-generation global issuer processor, to facilitate card issuance for fintech…

Yangtze Optics opens Africa’s largest fibre plant

Yangtze Optics Africa Cable (YOA Cable) has officially opened a R160 million optical fibre manufacturing facility at the…

Seplat Energy CEO acquires 50,000 shares, increases his stake

Seplat Energy Plc has announced that its Chief Executive Officer and Executive Director, Mr. Roger Brown, has acquired…

Fani Titi, Group CEO of Investec, Named InstinctBusiness CEO of the Week

Fani Titi, a seasoned leader renowned for his resilience, strategic vision, and commitment to long-term growth, has been…

Leave a Reply

Your email address will not be published. Required fields are marked *