Mastercard has announced a partnership with Orient Bank to expand the acceptance of Mastercard payment cards at ATMs and point-of-sale (POS) terminals across Uganda.
According to Payments Africa, the collaborative effort will see the acceptance of payment cards in 23 ATM locations and 200 POS terminals in the country effective immediately. This will enable consumers and tourists coming into the country to pay and draw for money using their Mastercard at ATMs and POS terminals.
“The focus on acceptance and easy-to-access solutions is key to driving financial inclusion in Uganda,” says, Chris Bwakira, Vice President and Area Business Head for East Africa, Mastercard. “Uganda is of immense strategic importance to Mastercard and we will continue to invest in infrastructure to enable safe and secure payment options.”
Mastercard is accepted in 51 of 54 markets on the continent which is indicative of the company’s commitment to acceptance in Africa. Other countries that have seen significant acceptance growth since 2015 are Algeria, Ethiopia, Malawi, Republic of Congo, Somalia and Zambia.
The first quarter of this year saw Mastercard’s ATMS increase by 8.2%, compared with the same period in 2015, while POS terminals increased by a substantial 16.7%. Currently Mastercard payment solutions are available in over 210 countries worldwide totaling over a million Merchants.
