Access Bank has launched a new payment solution in collaboration with Mastercard to expand access to cross-border payments and remittances across Africa. The collaboration with Mastercard aims to empower individuals and businesses to enjoy instant, traceable, seamless, and cost-effective international transactions.
The newly launched solution will be operational across Africa, with expansion plans in place for further penetration across the continent. The solution offers a global gateway for businesses and individuals that are leveraging Access Bank Group’s deep understanding of the African markets and forward-looking vision that aims to realize customers’ aspirations through innovative product sets.
Customers in Access Bank’s operating countries in Africa can now send and receive cross-border payments globally to and from various channels. These channels include bank accounts, mobile wallets, cards, and cash.
Speaking at the launch event, Robert Giles, Senior Advisory for Retail Banking at Access Bank stated, “We are thrilled to collaborate with Mastercard to advance financial inclusion in Africa through the Access Africa initiative. By combining our strengths, we can unlock new opportunities, bridge the financial divide, and create a more inclusive and prosperous future for all Africans.”
On his part, Mark Elliott, Division President for Africa at Mastercard noted, “Empowering Access Bank customers with innovative solutions that prioritize choice, security, and flexibility is an achievement that fills us with great pride. This collaboration signifies our commitment to transforming payment experiences as it not only brings cutting-edge payment solutions to the bank’s diverse clientele, but also extends the reach of Mastercard’s financial and digital ecosystem, ensuring millions from underserved communities can actively participate in the evolving financial and digital economy.”
The collaboration between Access Bank and Mastercard represents a significant step towards creating a more inclusive financial ecosystem in Africa. Both parties have expressed determination to continue leveraging their collective strengths, resources, and expertise to drive meaningful change and financial inclusion for millions across Africa.