Deals in Egypt and Tanzania underline growth of payment technology in Africa

Deals in Egypt and Tanzania underline growth of payment technology in Africa

Recent announcements in Africa have yet again underlined the growth of payment technology across the continent, with major names in the digital payments space announcing significant agreements in Egypt and Tanzania.

Amazon Payment Services has been named the official payment service provider for operat Etisalat Egypt by e&. Banque Misr, a major name in banking in Egypt and North Africa, is the online payments acquirer.

Through this collaboration, say the partners, Amazon Payment Services brings a reliable, safe, and simple checkout experience for Etisalat by e& Egypt customers paying for invoices across billing, subscription, and device purchases on its digital payment platform. Etisalat Egypt by e& customers will also have the option of paying by instalments, thanks to Amazon Payment Services’ links with 10 banks in Egypt, including Banque Misr.

In Tanzania meanwhile, operator Tigo Tanzania, payment service provider Selcom and Mastercard have announced a strategic partnership that will enabling convenient online payments globally through the Tigo Mastercard virtual service via Selcom’s card-as-a-service (CaaS) platform. 

This partnership will empower Tigo Pesa customers to transact on global payments platforms and benefit from Mastercard’s technology, which, say the partners, will enable new digital commerce opportunities for consumers and merchants, through simple and secure payment experiences.

The launch of the virtual card will ensure Tigo’s ability to provide its customers access to products and services – previously a preserve of physical credit card holders – while diversifying its mobile money portfolio. 

The partnership will also result in a wide range of cutting-edge digital payment solutions being introduced in Tanzania, will connect Tigo customers in Tanzania to a global online marketplace across multiple digital payment use cases, and will provide access to Mastercard’s global network of merchants.

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