Mastercard aims to bring 1bn people into digital economy by 2025

In SA, Mastercard indicates it has partnered with fintech firms like uKheshe and iKhokha, to enable them to offer low-cost digital payment solutions to small, micro and medium enterprises (SMMEs) and the unbanked to fast-track financial inclusion.

With a large percentage of SMMEs, traders and service providers still transacting in cash, QR code solutions like Masterpass provide an affordable way to accept digital payments and grow their businesses, says the company.

According to Mastercard, it has also partnered with Junior Achievement South Africa to help equip young women with the skills to start and grow their own businesses, and instil the discipline of earning a living, saving, spending and investing.

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