Mastercard and M-KOPA Solar Partner to Light Up Homes and Businesses in Africa

At Mobile World Congress, Mastercard and M-KOPA today announced a partnership that will provide Africans living without electricity a simple way to light up their homes and businesses. M-KOPA, which already provides affordable, safe and clean energy to 3 million people in East Africa, will pilot Mastercard’s Quick Response (QR) payment technology in Uganda to extend the reach of its pioneering pay-as-you-go solar program.

Also read  Paystack partners with Truecaller to enable more African businesses accept online payments

Masterpass QR, an open and interoperable technology will create a new payment channel for M-KOPA’s pay-as-you-go customers outside for Kenya. The network of mobile network operators and banks using Masterpass QR will help M-KOPA to scale and grow across Africa without requiring additional technology investments. Masterpass QR is currently available in Ghana, Kenya, Nigeria, Rwanda, Tanzania and Uganda.

Also read  Western Union Becomes Money Transfer Partner and Shirt Sleeve Sponsor of Liverpool Football Club

“We may take for granted our ability to produce light with the simple flick of a switch. But for many around the world, simple things like having electricity can be life changing,” said Kiki Del Valle, senior vice president, Commerce for Every Device, Mastercard. “By using our digital payment capabilities, we want to make it easy for people to access reliable and regular sources of energy and become more economically resilient – earn a livelihood by working …read more

Also read  EFG Hermes Named Top Frontier Markets Brokerage Firm in Extel Survey 2018

Source:: MediaCraft

*

*

Top