Mastercard, a leading technology company in the global payments industry, has signed a global Memorandum of Understanding (MoU) with Angaza, a leader in last-mile distribution technology, which would see the two companies partner to rollout an efficient digital payment solution that increases access to affordable necessities, like solar home systems and water pumps, for people and businesses in emerging markets across the globe.
Leveraging Angaza’s pay-as-you-go (PAYG) embedded metering and monitoring technology and Mastercard’s cutting-edge digital payment solutions and infrastructure including QR technology, this partnership would not only unlock access to the basic necessities, but would also help people without access to credit or traditional banking services start on a path to financial inclusion.
The partnership follows the successful launch of Mastercard’s first PAYG application programming interface in Uganda last year, which combines low cost QR…
