E-commerce MasterCard and Network International partners to develop commercial payment solutions in Africa
While annual business spending in the Middle East and Africa amounts to over US $ 4 trillion, only 1% is currently spent through payment cards. Global payments technology leader Mastercard, and its strategic partner Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA), announced collaboration to drive adoption of payments and business solutions In the region.
This collaboration will see the launch of a commercial payment platform in the fourth quarter of 2020. It will save businesses time, reduce costs and simplify the management of their business expenses. Businesses are increasingly turning to digital and remote payments, a development that has been accelerated by the COVID-19 pandemic.