Mastercard and the BCP Group, a Moroccan banking group, have partnered to improve cross-border payment solutions. This
collaboration seeks to improve transaction efficiency while strengthening
economic growth in the region.
Improving Cross-border Payments
According to the official statement, the partnership
combines Mastercard’s expertise in payment technology with BCP Group’s regional presence across African markets. Based on Mastercard Move, BCP plans to provide clients, from individuals to businesses, with near-instant payments that are
traceable and better priced.
Commenting about the collaboration, Kamal Mokdad, the
General Manager of BCP & International, said: “This collaboration
marks a new milestone in the strategic relationship between the BCP Group and
Mastercard; it demonstrates our commitment to providing superior payment
services and driving innovation in the African banking sector.”
“In addition to improving the customer
experience, the new solutions offered will support the economic growth of our
region by facilitating the exchange of international flows through simplified
transfers at competitive prices.”
Money Movement Solution
Mastercard Move provides a portfolio of money movement
solutions. It facilitates domestic and international payment processes
reportedly across 150 currencies and over 180 countries.
The collaboration promises to reduce costs and optimize operations for African businesses and consumers. The new system reportedly empowers local economies to connect more effectively with global
markets.
“Our latest collaboration with BCP perfectly
aligns with our mission to provide our customers with innovative payment
solutions that meet the evolving needs of their consumer and business
customers. Dimitrios Dosis, the President of Eastern Europe, Middle East, and
Africa at Mastercard, said.
Expect ongoing updates as this story evolves.
Mastercard and the BCP Group, a Moroccan banking group, have partnered to improve cross-border payment solutions. This
collaboration seeks to improve transaction efficiency while strengthening
economic growth in the region.
Improving Cross-border Payments
According to the official statement, the partnership
combines Mastercard’s expertise in payment technology with BCP Group’s regional presence across African markets. Based on Mastercard Move, BCP plans to provide clients, from individuals to businesses, with near-instant payments that are
traceable and better priced.
Commenting about the collaboration, Kamal Mokdad, the
General Manager of BCP & International, said: “This collaboration
marks a new milestone in the strategic relationship between the BCP Group and
Mastercard; it demonstrates our commitment to providing superior payment
services and driving innovation in the African banking sector.”
“In addition to improving the customer
experience, the new solutions offered will support the economic growth of our
region by facilitating the exchange of international flows through simplified
transfers at competitive prices.”
Money Movement Solution
Mastercard Move provides a portfolio of money movement
solutions. It facilitates domestic and international payment processes
reportedly across 150 currencies and over 180 countries.
The collaboration promises to reduce costs and optimize operations for African businesses and consumers. The new system reportedly empowers local economies to connect more effectively with global
markets.
“Our latest collaboration with BCP perfectly
aligns with our mission to provide our customers with innovative payment
solutions that meet the evolving needs of their consumer and business
customers. Dimitrios Dosis, the President of Eastern Europe, Middle East, and
Africa at Mastercard, said.
Expect ongoing updates as this story evolves.
This post is originally published on FINANCEMAGNATES.
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