Mastercard South Africa receives prestigious award as South Africa’s most innovative payment solutions provider in 2021

Mastercard was voted the Most Innovative Payment Solutions Provider in South Africa by International Business Magazine in 2021.

Award from the international business magazine

Logo for the International Business Magazine Award

International Business Magazine has awarded Mastercard South Africa the title for its continuous innovation in payment technologies and customer experiences

This award is proof of the trust that our partners continue to place in our brand, products and solutions. We work with stakeholders to make the digital economy work for everyone, everywhere. “

– Mark Elliott, Division President for Mastercard, Southern Africa

DUBAI, UNITED ARAB EMIRATES, Nov 9, 2021 / – Mastercard, a global technology company, was named South Africa’s Most Innovative Payment Solutions Provider by International Business Magazine 2021.

The award was presented in recognition of Mastercard’s continued innovation in payment technology and its ability to reshape the payment experience for consumers in South Africa.

The International Business Magazine Awards honor top companies across Africa based on their achievement, exceptional leadership, and outstanding quality of service provided. In an intensive process, knowledgeable panelists check and select the winners from the nomination list according to the specified criteria.

As part of its goal of positively impacting the lives of millions of people and enabling communities to move into a more advanced, digital economy, Mastercard worked with its customers in South Africa to develop and introduce several technological innovations over the past year.

To drive the adoption of contactless payments, Mastercard has partnered with payment intermediary Hellopay, according to the company’s announcement, to introduce SoftPOS, which uses Mastercard Tap on Phone technology and enables small informal businesses to make contactless payments with any NFC-enabled Android device. Accept phone. Mastercard has also partnered with Spot Money to launch the country’s first open banking offering.

Supported by Mastercard technology, the app enables users to pay using a variety of payment methods, including Scan to Pay (a QR code-based service), a virtual and physical Spot Money Mastercard, or contactless payment via mobile phone.

According to the company’s reports, Mastercard had recently partnered with Ukheshe to launch Nedbank’s new payment platform – Money Message – which enables small and small businesses to receive secure in-chat payments from their customers conveniently via WhatsApp .

According to the company, it is a unique and first podium in South Africa. The solution also enables merchants to seamlessly send an invoice requesting payment from each customer via WhatsApp. Mastercard also supports the humanitarian efforts of philanthropic organizations, including the Gift of the Gives Foundation and Food Forward SA, through cause marketing initiatives aimed at driving the adoption of digital payments.

Mark Elliott, Division President of Mastercard in Southern Africa, commented on the win: “This award is a testament to the trust our partners continue to place in our brands, products and solutions. For more than 30 years we have been using our technology and expertise to make payments in South Africa safer, easier and smoother. We use technology to provide solutions that solve real vulnerabilities and work strategically with a variety of stakeholders to make the digital economy work for everyone, everywhere. ”

Trishna Das, Editor-in-Chief of International Business Magazine, commented: “Mastercard South Africa is an intuitive payment technology provider that leverages support and collaboration opportunities with digital actors to unlock new potential and build the next generation of commerce. The company is known for maintaining a customer-centric approach and remains an active advocate of transparency and fair practices while also focusing on respect, trust and transparency. “

Mastercard has a long history of leveraging its technology, data, and expertise to create innovative solutions that have helped drive financial inclusion, empower businesses, and refresh the payment experience. Bridging the digital divide through innovation is critical to enabling financial inclusion.

In order for all nations and communities to benefit from future growth and opportunity, Mastercard aims to ensure that everyone is included through easier access to digital financial products and services. The company works tirelessly to advance financial inclusion initiatives to meet its global goal of connecting 1 billion people and 50 million small and micro businesses to the digital economy by 2025.

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November 09, 2021 09:43 GMT

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