It does not store any personal data.Newark fintech Mobility Capital Finance, or MoCaFi, garnered an investment from Mastercard Feb. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category 'Performance'. This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category 'Other. The cookies is used to store the user consent for the cookies in the category 'Necessary'.

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The cookie is used to store the user consent for the cookies in the category 'Analytics'. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. The post Mastercard, Network International and NBS Bank Plc Partner to Accelerate Digital Payments Adoption in Malawi appeared first on African Media Agency. “We look forward to working with NBS Bank to accelerate the move from cash to digital solutions.”ĭistributed by African Media Agency (AMA) on behalf of the Mastercard. ”Our partnership with Mastercard is focused on rapidly growing electronic payment usage across our region, and this agreement with NBS Bank is a major step towards meeting that goal,” added Chris Wood, Regional Managing Director, Processing- Southern Africa and PALOPS, Network International. Mastercard and Network International have a long-standing partnership, including Mastercard’s strategic investment in Network International and a shared commitment to develop innovative payment solutions that will grow electronic transactions across the MEA region. This in turn will enable more people and businesses to benefit from a growing digital economy and world beyond cash,” says Swanepoel. “Utilizing the innovative capabilities of both Mastercard and Network International, we can support NBS Bank in their digital transformation efforts so that they can provide an enhanced payment experience to their customers. “This partnership will also help to accelerate financial inclusion and empower the most vulnerable in society.”Īccording to Gabriel Swanepoel, Country Manager for Mastercard, Southern Africa, people and business are increasingly turning to digital and remote payments, a shift that has been accelerated by the COVID-19 pandemic. “As a caring bank and in line with NBS Bank’s philosophy of ‘taking banking to the people’, we are excited to partner with Mastercard and Network International to offer our customers enhanced payment capabilities that will enable them to make a wide range of payments all from the devices in their pockets,” says Kwanele Ngwenya, CEO of NBS Bank. With the growth of the digital world, millions of people and businesses are gaining access to financial services and digital payments on their gadgets. Governments and NGOs across Africa are publicly supporting digital payments and less reliance on hard cash to secure the financial inclusion of more people. The payment solution also features multiple layers of security to ensure that the customer’s financial data is always secure and private. To pay for purchases using the virtual payment solution, NBS Bank customers will receive a 16-digit card number, security code, and expiry date, which they will use to complete an online purchase much like they would with a physical card. It will also allow small business owners to purchase from international suppliers. For instance, virtual cardholders can pay for subscription streaming services, advertising on social media platforms, online shopping as well as travel and bills. NBS Bank will launch a Mastercard virtual (non-plastic, non-physical) payment solution that will enable its customers to make a wide range of e-commerce payments to merchants that accept Mastercard locally and internationally.

Mastercard digital media kit