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Mastercard Join Force With Zamtel, Driving Financial Inclusion In Zambia

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TechInAfrica – A collaboration led by Zamtel and Mastercard is expected to drive financial inclusion in Zambia. Zamtel, the telecommunication service provider operated by the government works together with Mastercard to make its customers of Zamtel Mobile Money product experience a risk-free and smooth payment digitally Mastercard network. This new method will be available for international e-commerce transactions and can be used even without holding a bank account.

Some of Mastercard products will become part of Zamtel under the agreement. There are Mastercard virtual solutions, a physical debit card, and Mastercard QR. Those products carry new ways for Zamtel Mobile Money customers to access and pay for products and services at many stores where the Mastercard payment method is available.

From the collaboration, Zamtel has made customers’ life easier since an abundance of digital transactions can be finished by only clicking something on the e-wallet. Zamtel guarantees that all the data of customers is warranted and private. Therefore, customers can pay for travel, entertainment subscription services, and bill payments.

Zamtel announced that it provides a physical Mastercard debit card for Zamtel Mobile Money customers to make in-person payments. The debit card will directly connect to customers’ Zamtel Mobile Money wallet and be available for withdrawing money from ATM. Other payments such as pay at the point of sale for goods, services and settle their bills also can be done by using the physical card.

Mastercard QR code is also accessible for customers where they can experience face-to-face payments at outlets by scanning the Mastercard QR code displayed at checkout or by entering a merchant identifier.

Recently, many customers have used their accounts to access the new and advanced way of payment. It reveals that people are moving forward to be familiar with digital life.



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