FintechNewsPress ReleaseTelcos

Airtel Africa and Mastercard Launch New Digital Payment Solution

0
Airtel Africa Reports Strong Growth in Customer Base and Mobile Money Services Amid Currency Challenges

Airtel Mobile Commerce BV, a subsidiary of Airtel Africa PLC, announced the launch of the Airtel Money GlobalPay Card, a new payment solution designed to connect Airtel Money customers across Africa with global online marketplaces. This collaboration with Mastercard will empower Airtel’s 150 million mobile phone users in 14 African countries with access to Mastercard’s global merchant network, enabling safer and more secure international transactions. The Airtel Money GlobalPay Card is a virtual (non-plastic) payment solution directly linked to Airtel Money wallets. This card can be used for various payments across global online merchants, including major platforms like Facebook, Netflix, Uber, Amazon, Google, AliExpress, and Alibaba.

Users can also make payments for travel bookings, utilities, subscriptions, and goods from international suppliers—all from the convenience of their mobile phones. For Airtel Money customers, activating the Airtel Money GlobalPay Card is simple. Customers need to opt in for the card, load it from their Airtel Money wallet, and start shopping. No additional documentation, registration, or installations are required.

With this payment solution, Airtel and Mastercard aim to meet the growing demand for digital payments in Africa and support small businesses in cross-border trade. The partnership aligns with Airtel Africa’s goal of enhancing financial inclusion by providing efficient and seamless payment solutions to mobile money users across the continent.

CEO of Airtel Money, Ian Ferrao, commented: “At Airtel, we continuously innovate to enhance the customer experience. By adding Mastercard’s secure virtual payment solution to Airtel Money, we are making International payments simpler and more accessible for our customers. This collaboration allows us to offer a global e-commerce experience.”

Mastercard’s global network and expertise in payment solutions will play a critical role in supporting financial inclusion efforts in Africa. The initiative aligns with Mastercard’s commitment to bring one billion people, 50 million small businesses, and 25 million women entrepreneurs into the digital economy by 2025.

Senior Vice President for Digital Partnerships at Mastercard Middle East and Africa, Muhammad Nana, stated: “Our digital partnerships strategy focuses on enabling the digital transformation of our partners, helping them provide their customers with access to a seamless global payment ecosystem. With over 150 million Airtel Africa consumers now connected to the global digital economy, we are helping more consumers access the benefits of ecommerce.”

With increasing mobile internet access and the growth of affordable smartphones, African consumers are poised to take full advantage of this new solution. The Airtel Money GlobalPay Card empowers banked and unbanked users to shop globally, connecting them to digital products and services from their mobile phones.

Explained: Why Does Electricity Go Off When it Starts Raining?

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *