African Startups are Forming Diverse Collaborations with Traditional Financial Institutions

Mastercard has launched a new programme aimed at providing tailor-made solutions that boost market entry and expansion for fintechs in Africa and the Middle East. Fintech Express will leverage the power of partnerships and Mastercard’s expertise, technology, and global network to help fintech companies focus on innovation that drives the digital economy. The programme is designed for all types of fintechs – established companies wanting a direct license from Mastercard, as well as fintech startups with the ambition to innovate through collaborating with ready-to-go Mastercard Engage partners. From a startup perspective, the “Build” part of the programme enables fintechs as processors and enablers to become Express Partners by building unique tech alliances and benefitting from all the advantages that Mastercard provides. “Connect”, meanwhile, is aimed at fintech startups that are looking to add payment solutions to their suite of products, and helps them easily connect with qualified Express Partners available on the Mastercard Engage web portal, and go live with Mastercard in a matter of days.

SOURCE: DISRUPT AFRICA