Mastercard and Safaricom Partner to Enhance Digital Payments in Kenya [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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investor.mastercard.com/investor-relations/default.aspx
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Source: Yahoo! Finance
Mastercard Incorporated MA recently announced its partnership with Safaricom to expand payment acceptance and cross-border remittance services to over 636,000 merchants in Kenya through M-PESA, Safaricom's mobile money platform. This collaboration is expected to unlock substantial benefits for Mastercard, as Kenya's digital payment landscape experiences rapid growth. The initial initiatives are set to launch in the coming months, furthering Safaricom's journey to obtain its acquiring license and offering merchants advanced digital payment solutions. M-PESA's mobile wallet payments have witnessed a CAGR of 12.7% between 2020 to 2024. This bodes well for Mastercard as it can tap into M-PESA's vast merchant network and provide seamless and secure payment solutions. MA also aims to enhance cross-border remittance service for M-PESA merchants. This move should enable merchants to offer more payment options to customers and accept cross-border payments. Enhanced reach and frictionless
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MA
Earnings
- 8/1/24 - Beat
MA
Sec Filings
- 9/20/24 - Form 144
- 9/18/24 - Form 4
- 9/17/24 - Form 4
- MA's page on the SEC website