Mastercard has announced a strategic partnership with the BCP Group to enhance cross-border payments for both corporate and individual clients across Africa. The collaboration will enable near-instant, secure, traceable, and cost-effective payments to and from the multiple markets where the BCP Group operates on the continent. The initiative aims to improve the speed and transparency of international money transfers, supporting both personal and business payments.
The partnership leverages Mastercard Move, a platform designed to facilitate the transfer of money to various endpoints, such as bank accounts, digital wallets, and cards. Kamal Mokdad, General Manager of BCP & International, emphasized that the collaboration will address real needs in Africa’s diverse markets while contributing to economic growth by simplifying international transfers at competitive prices. This partnership underscores a shared commitment to driving innovation in the African banking sector.
Dimitrios Dosis, President of Mastercard’s Eastern Europe, Middle East & Africa division, highlighted that the collaboration aligns with Mastercard’s mission to build a digital economy where everyone can thrive. With Mastercard Move’s ability to support money transfers in over 150 currencies and 180 countries, the partnership aims to foster a more inclusive and connected financial ecosystem across the continent.