06/10/2021
Lets do this..
๐๐๐ฌ๐ญ๐๐ซ๐๐๐ซ๐ ๐ฉ๐๐ซ๐ญ๐ง๐๐ซ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ฒ๐๐จ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐ฌ๐๐๐ฎ๐ซ๐ ๐ฉ๐๐ฒ๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ซ ๐๐๐๐ฌ ๐ข๐ง ๐๐๐ฆ๐๐ข๐.
โข ๐๐๐-๐ช๐ฏ-๐ข-๐๐ฐ๐น ๐ด๐ฐ๐ญ๐ถ๐ต๐ช๐ฐ๐ฏ ๐ธ๐ช๐ญ๐ญ ๐ฆ๐ฏ๐ฉ๐ข๐ฏ๐ค๐ฆ ๐ต๐ฉ๐ฆ ๐๐ฎ๐ข๐ญ๐ญ ๐ข๐ฏ๐ฅ ๐๐ฆ๐ฅ๐ช๐ถ๐ฎ ๐๐ฏ๐ต๐ฆ๐ณ๐ฑ๐ณ๐ช๐ด๐ฆ (๐๐๐) ๐ค๐ถ๐ด๐ต๐ฐ๐ฎ๐ฆ๐ณ ๐ท๐ข๐ญ๐ถ๐ฆ ๐ฑ๐ณ๐ฐ๐ฑ๐ฐ๐ด๐ช๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ด๐ถ๐ฑ๐ฑ๐ฐ๐ณ๐ต ๐ต๐ฉ๐ฆ ๐ฆ๐ฏ๐ข๐ฃ๐ญ๐ฆ๐ฎ๐ฆ๐ฏ๐ต ๐ฐ๐ง ๐ข ๐ฅ๐ช๐จ๐ช๐ต๐ข๐ญ-๐ง๐ช๐ณ๐ด๐ต ๐ข๐ฑ๐ฑ๐ณ๐ฐ๐ข๐ค๐ฉ ๐ง๐ฐ๐ณ ๐ฎ๐ฆ๐ณ๐ค๐ฉ๐ข๐ฏ๐ต ๐ฎ๐ฐ๐ฃ๐ช๐ญ๐ฆ ๐ฑ๐ข๐บ๐ฎ๐ฆ๐ฏ๐ต๐ด.
โข ๐๐ฉ๐ฆ ๐ฑ๐ข๐ณ๐ต๐ฏ๐ฆ๐ณ๐ด๐ฉ๐ช๐ฑ ๐ธ๐ช๐ญ๐ญ ๐ฅ๐ณ๐ช๐ท๐ฆ ๐ด๐ฆ๐ค๐ถ๐ณ๐ฆ ๐ฆ๐ญ๐ฆ๐ค๐ต๐ณ๐ฐ๐ฏ๐ช๐ค ๐ฑ๐ข๐บ๐ฎ๐ฆ๐ฏ๐ต๐ด ๐ข๐ฏ๐ฅ ๐ฅ๐ช๐จ๐ช๐ต๐ข๐ญ ๐ต๐ณ๐ข๐ฏ๐ด๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ ๐ฐ๐ง ๐๐๐๐ด, ๐ธ๐ฉ๐ช๐ค๐ฉ ๐ณ๐ฆ๐ฑ๐ณ๐ฆ๐ด๐ฆ๐ฏ๐ต 97% ๐ฐ๐ง ๐ข๐ญ๐ญ ๐ฃ๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด๐ฆ๐ด ๐ช๐ฏ ๐ก๐ข๐ฎ๐ฃ๐ช๐ข.
๐ฑ๐๐ต ๐ข๐ฐ๐๐ผ๐ฏ๐ฒ๐ฟ ๐ฎ๐ฌ๐ฎ๐ญ: Mastercard has partnered with Zambian-based fintech company, Digital PayGo, to launch a new merchant mobile payments solution, which will enable Small and Medium Enterprises (SMEs) to safely make and receive digital payments through various online channels.
This innovative solution called โSME-in-a-Boxโ will support the enablement of digital payments for merchants and their customers, by providing them with a convenient, easy-to-use and safe way to perform cashless transactions from their mobile devices.
Backed by Mastercardโs payment technology, SME-in-a-Box enables digital transactions through the use of a USSD code, Mobile Application, Mobile Point of Sale (MPOS), a Virtual and Physical (plastic) card, and scannable QR code.
A 2020 report commissioned by the Zambian Ministry of Commerce, Trade and Industry indicate that SMEs represent 97% of all businesses in Zambia and employ over half of the working-class population, with nine out of 10 businesses said to operate within the informal sector.
These SMEs operating in the informal sector are faced with varying challenges ranging from unanticipated financial needs, and lack of access to capital due to insufficient credit history thus haltering their ability to grow and scale up. SME-in-a-Box is developed to solve this pain point.
This partnership is a testament to Mastercardโs commitment to leveraging its technology and partnerships to help entrepreneurs digitise their businesses and build a platform for sustained development. An end-to-end digital proposition, SME-in-a-Box will also enhance payment acceptance options for SMEs and unlock their business growth by enabling them to tap into the diverse opportunities brought about by the digital payment ecosystem.
โSMEs have an outsized impact on the economy, providing a livelihood for many while advancing inclusive growth to reduce poverty and boost prosperity. Due to the outbreak of the COVID-19 pandemic, there is a heightened consumer preference for cashless payment platforms and many small businesses do not have the resources and infrastructure to facilitate these kinds of transactions.
Through this innovative and secure solution, SMEs will be able to pivot their businesses while aligning them to the growing consumer need to use digital payments and do so safely and conveniently.
โThis partnership further reiterates Mastercardโs commitment to bringing 1 billion people globally into the digital economy by 2025 and supporting small businesses through our technology,โ said ๐ฉ๐ถ๐ป๐ฐ๐ฒ๐ป๐ ๐๐ต๐ถ๐ฝ๐ถ๐บ๐ผ ๐ ๐ฎ๐น๐ฒ๐ธ๐ฎ๐ป๐ถ, ๐๐ผ๐๐ป๐๐ฟ๐ ๐๐๐๐ถ๐ป๐ฒ๐๐ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐ ๐๐ถ๐ฟ๐ฒ๐ฐ๐๐ผ๐ฟ ๐ฎ๐ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐ฐ๐ฎ๐ฟ๐ฑ, ๐ญ๐ฎ๐บ๐ฏ๐ถ๐ฎ ๐ฎ๐ป๐ฑ ๐ ๐ฎ๐น๐ฎ๐๐ถ.
Commenting on the partnership, ๐๐ถ๐ด๐ถ๐๐ฎ๐น ๐ฃ๐ฎ๐๐๐ผ ๐๐ต๐ถ๐ฒ๐ณ ๐๐
๐ฒ๐ฐ๐๐๐ถ๐๐ฒ ๐ข๐ณ๐ณ๐ถ๐ฐ๐ฒ๐ฟ ๐๐ต๐ฎ๐ฟ๐ถ๐๐ ๐. ๐ ๐๐ฎ๐ป๐๐ฎ said: โWe are excited about this partnership as it will help SMEs grow their businesses and contribute to the growth of the digital economy. The Zambian SME sector has been excluded in terms of access to financial services and this proposition will enhance the inclusion process through which SMEs make and receive payments through various channels.โ
This partnership supports efforts by the Zambian government to accelerate financial inclusion for all citizens. According to the National Financial Inclusion Strategy of 2017, the Zambian government has outlined targets for the digitisation of government-to-persons (G2P) payments such as government salaries and refunds, and persons to government (P2G) payments such as school fees, health service cost-sharing from the public, and tax payments.
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About
๐๐๐จ๐ฎ๐ญ ๐๐๐ฌ๐ญ๐๐ซ๐๐๐ซ๐ (๐๐๐๐: ๐๐), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks Priceless possibilities for all.
๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐จ๐ง๐ญ๐๐๐ญ๐ฌ:
Mastercard: [email protected]
Digital PayGo: [email protected]
