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

By Olivia Minnock
Share
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

Launching in 2025… The FinTech Survey

Shaping the future of finance, FinTech Magazine launches a comprehensive global fintech survey for 2025

Mastercard and Amazon Payment Services ink MEA Deal

Mastercard & Amazon to accelerate digital payment acceptance across nine countries, leveraging Mastercard Gateway technology

Klarna Partners with Adyen for In-Store BNPL Rollout

Swedish fintech giant to launch buy now, pay later services on Adyen's payment terminals across Europe, North America and Australia

FinTech LIVE Dubai - Speaker Sessions

Tech & AI

One Month to Go Until FinTech LIVE London

Financial Services (FinServ)

FDIC Proposes Rules Overhaul for Bank-Fintech Partnerships

Financial Services (FinServ)