Safaricom and Mastercard Partner to Expand Remittances and Payment Acceptance to over 636,000 Merchants in Kenya

Sep 19, 2024•over 1 year ago

Contract Type

partnership

NairobiTelecommunicationsHardware

Description

Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya, benefiting over 636,000 merchants using M-PESA. This collaboration aims to make seamless, secure, and scalable payment solutions available to merchants, while streamlining cross-border transactions efficiently.

Company Information

Company

Safaricom Plc

Location

Nairobi, Nairobi County, Kenya

About

Safaricom is the leading provider of converged communication solutions in Kenya. In addition to providing a broad range of first-class products and services for Telephony, Broadband Internet and Financial services, Safaricom seeks to uplift the welfare of Kenyans through value-added services and support for community projects.

Related People

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months