MasterCard has signed an agreement with Senegal-based payment solution provider Wari to strengthen the digital payment ecosystem in 35 African markets.
The agreement, which will also boost the Wari offering for its users, will provide citizens with access to secure and accessible financial solutions to pay for goods and services.
As per terms of the agreement, a suite of digital payment solutions including prepaid, debit and credit MasterCard-branded cards will be introduced across the existing Wari network.
The payment cards, which will be accepted at millions of locations across the globe, will feature EMV chip and PIN technology for safe and secure transactions.
As part of the launch, the MyWari app will provide an array of MasterCard digital solutions such as secure remittance service by HomeSend, ability to use a virtual card solution via the app, access to Masterpass QR that will benefit both consumers and merchants.
MasterCard division president for Sub-Saharan Africa Daniel Monehin said: “Our partnership with Wari illustrates how much the payment industry has evolved, and how Africa is at the forefront of driving the shift towards digital payments.”
Wari CEO Kabirou Mbodje said: “The partnership with MasterCard will provide us with the ability to boost digital payment acceptance in the markets that we operate.
“With the MasterCard experience in securing payments across the world, customers can rest assured that their payment, whether done by card or mobile, will be secure.”