× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Mastercard to roll out new payment solution

BUSINESS
By Maina Mwangi | February 20th 2017
The Masterpass QR mobile-driven, Person-to-Merchant payment solution will be introduced through various financial institutions and other partners in the market.PHOTO:COURTESY

Mastercard will give 100,000 micro merchants in Kenya access to its new payment solution.

 The Masterpass QR mobile-driven, Person-to-Merchant payment solution will be introduced through various financial institutions and other partners in the market.

The firm said with at least 80 per cent of the country’s most critical jobs found in the SME sector, it is vital to introduce solutions that drive operational efficiency in these businesses.

With the Masterpass QR users no longer require cash, making transacting safer for merchants. “We want to help these business owners to grow and prosper by delivering solutions that meet the needs of these business owners,” said Division President for Sub-Saharan Africa and head of Financial Inclusion for International Markets Daniel Monehin.

Share this story
Scientist considering editing human genes
A Chinese scientist has participated in making recommendations for human gene editing that cover basic laboratory research, and somatic and germline (heritable) genome editing, according to the Chinese Academy of Sciences (CAS).
Absa Bank net profit for 3 months up 24pc
The performance was mainly driven by growth in interest income, particularly in the small and medium enterprises.
.
RECOMMENDED NEWS
Feedback