Mastercard and fintech firm OPay have announced a strategic partnership which will open up digital commerce to millions of people across Middle East and Africa.
The collaboration enables OPay consumers and merchants in the region – including Kenya, Pakistan, Egypt, Nigeria, Ethiopia, South Africa and the UAE.
In the initial phase of this partnership, OPay customers will benefit from the Mastercard virtual payment solution linked to their OPay wallets, to shop at well-known global brands for leisure, travel, accommodation, entertainment, streaming services and more.
“Our partnership with OPay demonstrates our commitment to supporting payments providers across the world to create an interconnected global payments ecosystem that benefits an array of consumers with unique needs,” Amnah Ajmal, Executive Vice President for Market Development, Mastercard EEMEA.
The service is available regardless of whether or not the customer has a bank account. It also allows small business owners to purchase from suppliers abroad and pay with the secure virtual payment solution.
“As the leading fintech in the Middle East and Africa, we are delighted to be partnering with Mastercard as we continue on our journey to promote financial inclusion, helping to open up the global economy to more consumers and businesses across Middle East, and Africa.” Yahui Zhou, CEO of OPay.
Read also; Pesalink and Mastercard ink Deal to Drive Digital Funds Sector in Kenya.