Mastercard commits to connecting 1bn people to digital economy by 2025
25 May 2020 - 08:15Partnerships with iKhokha and uKheshe in SA enable small-, micro- and medium-sized enterprises to accept digital payments. Picture: SUPPLIED/MASTERCARD
“The health and economic consequences of Covid-19 have highlighted the critical need to support vulnerable populations, many of whom are disproportionately affected. To recover in a long-term, sustainable way, we have to ensure that everyone is included in the digital economy. Financial inclusion is a critical part of that goal,” says Suzanne Morel, country manager at Mastercard SA.
With a large percentage of SMMEs, traders and service providers still transacting in cash, QR code solutions like Masterpass provide an affordable way to accept digital payments and grow their businesses, as there are no prohibitive infrastructure or maintenance costs associated with physical card terminals.partnered with Junior Achievement SA
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