Mastercard Inc., a prominent American multinational in payment card services, has forged a strategic partnership with Access Bank of Nigeria to unveil an innovative Cross-Border Payment Solution. This significant development follows American Express (Amex) expanding its services into the Nigerian market.
The burgeoning interest from international investors and the establishment of fruitful partnerships across various industries affirms the resilience and attractiveness of Nigeria’s business landscape. This trend is further reinforced by the nation’s facilitative business environment and the array of progressive policies championed by the administration led by President Bola Ahmed Tinubu, GCFR.
Today, on Thursday, May 9th, 2024, in Lagos, Nigeria, Mastercard and Access Bank Group have jointly introduced a groundbreaking solution to facilitate seamless international transactions for businesses and consumers across the African continent.
This collaborative effort signifies a significant stride towards Nigeria’s deeper integration into the global economic framework. It provides a conduit for more jobs, and also businesses and individuals to engage in international commerce. The solution boasts rapid and transparent payment initiation and delivery mechanisms, promising enhanced efficiency and security.
Mark Elliott, Division President for Africa at Mastercard, commented,
“We take great pride in empowering Nigerian customers with cutting-edge solutions prioritising their preferences, security, and adaptability.
“This partnership paves the way for millions in underserved communities to actively participate in the burgeoning digital economy.
