Last updated on September 11th, 2021 at 08:16 am
A South African Fintech company has been chosen for a worldwide Startup program specifically sponsored by MasterCard, this is an initiative to create a Matercard paycode for a South African Fintech company.
Amy Neale, Senior Vice President, Start Path and Fintech at Mastercard stated, “Mastercard has chosen Paycode to join its Start Path biological system of trend-setters and will give them the instruments.
The activity will quicken Paycode’s endeavors to drive money related incorporation in Africa through its eminent biometric personality and installments stage, EDAPT. Paycode which began in South Africa, as of now works in a few African nations including Botswana, Ghana and Mozambique among others.
This initiative is to potentially create an enabling environment for Fintechs companies in Africa, starting from the South African Fintech company. This will create a means of payment using the MasterCard just like ATM cards, Debit cards and the likes whereby the Fintech company will have a paycode.