Mastercard has partnered with Vconnect, Africa’s leading online business listing service, to empower Micro, Small, Medium Enterprises (MSMEs) as part of a shared commitment to drive financial inclusion and literacy in Africa.
Nigeria will be the first market to benefit from the partnership, which will be rolled out over a three year period. Vconnect will work closely with Mastercard and its partners to provide MSMEs with Mastercard’s mobile payment solution, Masterpass QR. Additionally merchants will have access to an array of digital tools that will help to enable their online presence, ensure effective business management and provide access to finance.
“With access to Masterpass QR, these merchants will be able to accept fast and secure digital payments, removing the need for cash,” said Omokehinde Adebanjo, Vice President and Area Business Head, West Africa, Mastercard. “Additionally merchants will be given access to skills that have the potential of helping the business owner to develop a sustainable business.”
Vconnect currently has a community of over one million MSMEs registered on its database. These businesses play a pivotal role in the growth of the economy.
Naveen Luthra, Head of Growth and Partnerships at Vconnect, added, “We are thrilled to partner with Mastercard to ensure we are …read more