Mastercard signs MoU with Angaza for last-mile digital payment solutions

By Olivia Minnock
Global payments provider Mastercard has signed a memorandum of understanding which aims to contribute to financial inclusion. The deal has been inked...

Global payments provider Mastercard has signed a memorandum of understanding which aims to contribute to financial inclusion.

The deal has been inked with Angaza, a leader in last-mile distribution technology. The two companies will work together to roll out an efficient digital payment solution to underbanked communities.

The goal will be to increase access to affordable necessities – such as water pumps and solar home systems – in emerging markets by leveraging micropayments.

SEE ALSO:

Angaza has a pay-as-you-go technology solution which currently uses cash or mobile money options. It will work with Mastercard’s digital payment solutions infrastructure, including its API, to offer more flexibility and affordability.

Jorn Lambert, Executive Vice President, Digital Solutions at Mastercard, said: “We are delighted to be partnering with Angaza to bring access and inclusion to people and businesses around the world.”

Lesley Marincola, CEO at Angaza added: “The addition of Mastercard’s QR technology to Angaza’s platform will allow solar distributors and their clients to process payments for life-changing products securely and efficiently, while opening doors to broader financial inclusion.”

Share

Featured Articles

Pay Later: Does Apple's latest offering threaten BNPL?

We ask several industry insiders whether Apple Pay Later, the tech firm's foray into BNPL, threatens the market and risks marginalising smaller players.

Is Launching a Fintech Unicorn Easier than Ever Before?

With new unicorns in the fintech space emerging every week, we take a look at the traits that enable companies to scale at pace

Why BaaS is transforming the financial services space

We look at the latest changes in the BaaS space, taking into consideration new technologies, marketplace demands and changes in the financial landscape

Wealth management trends and the ‘new normal’

Financial Services (FinServ)

Innovation is driving fintech, Shuki Licht, Finastra CEO

Financial Services (FinServ)

SIX SME Banking Trends that are Disrupting the Space

Banking