Pay-on-Demand platform enables safe, secure and convenient consumer financing via Samsung devices with embedded Knox security platform, through Airtel Africa’s network. This partnership will facilitate usage-based payments and will build creditworthiness. It will be piloting in Uganda, this is part of a broader digital transformation partnership between Mastercard and Airtel Africa across 14 markets in Africa.
Mastercard today announced a partnership with Samsung, Airtel Africa and Asante Financial Services Group (“Asante”) to launch a Pay-on-Demand payments platform and drive the digital economy across Africa. Mastercard’s strategy is based on collaboration and partnerships that drive innovation and this is another example. By enabling digital access to everyday products and services for under-served consumers and micro, small and medium enterprises (MSMEs), the payments platform will aim at driving digital and financial inclusion and can lead to improved economic possibilities for people and businesses.
The platform, built by Mastercard Labs, aims to bring