Mastercard has partnered with EziPay to offer seamless and secure digital global digital commerce payments to consumers across the Middle East and Africa (MEA) region.
Consumers and merchants can use the Mastercard virtual payment solution, which is linked to the EziPay eWallet.
It will provide a convenient payment gateway service to perform global digital transactions and connect with brands and businesses around the world, wherever Mastercard is accepted, the company said.
“We are committed to expanding the entire payment sector, through our technology and collaborations with our fintech partners to deploy efficient, innovative, and secure payment experiences across the MENA region,” said Amnah Ajmal, executive vice president, market development, Eastern Europe, Middle East and Africa, Mastercard.
Across MEA, mobile devices are the primary channel used to connect to the internet.
As mobile financial services continue to dominate the digital payments sphere, consumers are increasingly expecting to have access to a broader range of digital financial solutions.
Through this partnership, EziPay customers with a Mastercard virtual card linked to their EziPay wallets can make payments to global online merchants through a seamless and secure digital payment experience on websites and mobile applications.
The service is available regardless of whether the customer has a bank account or not.
It will also allow small business owners to purchase from suppliers abroad and pay with the virtual payment solution.
Amit Gaur, CEO at EziPay, said in the past few years, there had been a tremendous growth of the financial technology sector in MEA, contributing significantly to the advance of individual economies.
“The Mastercard collaboration comes as we champion digital financial inclusion, it will improve seamless transactions for online payments and connect millions to the global online market, empowering the most vulnerable in our society,” he said.
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