Mastercard has partnered with Scale to accelerate the deployment of fintech solutions across Africa and the Middle East, addressing key technical and commercial barriers. This collaboration is set to benefit a range of ecosystem players, including fintech companies, aggregators, enablers, PSPs, and telcos, by simplifying the process of launching payment programs and providing vital support for sustainable growth.
Through this partnership, Mastercard and Scale will offer fintech companies crucial assistance in securing BIN sponsorships, designing profitable payment programs, and delivering exceptional customer experiences. By co-creating inclusive value propositions, they aim to drive long-term growth and improve access to financial services across the region, contributing to enhanced financial inclusion.
The partnership will also evolve into a comprehensive technology proposition, enabling tech companies to acquire Mastercard issuing capabilities through Scale, simplifying the process of integrating payment solutions. This streamlined approach allows fintech players to focus on their core business while benefiting from Scale’s expertise in managing the complexities of payment solutions.
For financial institutions, this collaboration facilitates easier partnerships with stakeholders in the card value chain, while merchants will gain access to digital financial products and services that can help grow their businesses. The broader ecosystem, including governments, will benefit from the increased availability of digital financial offerings, reducing reliance on cash-based transactions and contributing to economic development.
Mastercard’s commitment to working with local ecosystem players is further underscored by its focus on bridging the digital gap and driving the growth of innovative payment solutions across the region. The partnership with Scale represents a significant step towards achieving these goals, bringing together Mastercard’s managed services and Scale’s deep understanding of the fintech landscape.
As this collaboration unfolds, it promises to be a game-changer for the fintech ecosystem in Africa and the Middle East, fostering innovation, enhancing financial inclusion, and contributing to economic growth across the region.
#Mastercard #Fintech #Africa #MiddleEast #DigitalTransformation #FinancialInclusion #Innovation #Partnerships
