A Leap Toward Financial Inclusion in Africa: The Power of Partnership

It is our pleasure to share the exciting news of our groundbreaking partnership with Mastercard, a collaboration set to revolutionize the payments ecosystem across the African continent. This partnership, recently reported on CAJ News Africa, resonates with our prime goal at Onafriq- to empower businesses by simplifying payment transactions and facilitating financial access.

A Revolutionary Collaboration

The Mastercard-Onafriq alliance presents a leap towards transforming the financial space in Africa. We are gearing up to propel consumers, and particularly small to medium-sized enterprises (SMEs), into an era of secure, cost-effective, and innovative payment solutions.

Our eyes are set on a target that Mastercard has ambitiously set – to incorporate 1 billion individuals into the digital economy by 2025. Onafriq will leverage its advanced technology and extensive networks to fulfil this goal. By simplifying everyday payments and facilitating ease of transactions, we aim to reduce the boundaries of financial operations across Africa.

The Power of Digital Payments

Residing at the heart of this partnership is our belief in the transformative power of fintech. As highlighted in the CAJ News Africa's report, the mobile money sector in Africa is witnessing a rapid rise. According to The State of the Industry Report on Mobile Money 2024, significant user engagement and robust year-on-year growth in Sub-Saharan Africa is seen.

An era of digital payments represents not just enhanced speed and convenience, but also possesses the potential to drive profound economic and social change. This change benefits not just individuals and small businesses, but is equally beneficial for large enterprises, financial institutions, mobile network operators (MNOs), money transfer operators (MTOs), NGOs, and banks looking to expand their digital payment strategies in Africa.

An Opportunity for Financial Inclusion

Through this partnership, we intend to take giant strides towards financial inclusion by promoting several digital financial services. These include mobile money transactions, cross-border remittances, and settlements. By reducing financial barriers and empowering businesses, we aim to foster growth opportunities across Africa.

Promoting Africa's Growth Story

Our commitment goes beyond providing payment solutions. At Onafriq, we remain dedicated to the broader vision of economic growth and progress for Africa- this partnership with Mastercard is a testament to this dedication. By supporting enterprises, both big and small, we aim to fuel Africa's growth story.

We believe in the power of partnerships to foster innovation, drive growth, and catalyze crucial transformations. This strategic alliance with Mastercard symbolizes the start of an exciting new era in Africa's payments ecosystem.

With payment networks that reach over 500 million wallets across the continent, Onafriq is ready to step into this new era with confidence and the unwavering commitment to our vision – to empower businesses, to simplify payments, and to facilitate Africa's growth story.

In a world that is rapidly embracing digitalization, the payment landscape in Africa is set for unrivalled transformation. Onafriq considers itself privileged to be a part of this transformation and remains resolute in its commitment to creating a seamless digital payments ecosystem for Africa.

We invite you to join us on this exciting journey. Together, we can be a part of Africa's growth story, and together, we can shape the future of digital payments in Africa.