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Feb. 27, 2019
Mastercard has signed a memorandum of understanding with Angaza, a last-mile technology provider, to roll out a digital payments system that will help consumers and businesses in emerging markets gain access to credit.
According to a press release, the companies will leverage Mastercard’s digital payments infrastructure and QR code technology along with Angaza’s pay-as-you-go embedded metering and monitoring systems to extend digital payments capabilities to developing markets.
“This partnership will help consumers to overcome hurdles — such as the significant cash outlay required to purchase critical items — by leveraging micropayments, which in turn also helps to build their credit history,” Jorn Lambert, Mastercard executive vice president of digital solutions, said in the release.
Angaza’s technology has helped more than 5 million
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