Access Bank Group, a leading multinational bank, has partnered with Mastercard, a global technology company in the payment industry, to facilitate cross-border payments for African businesses and consumers.
This collaboration utilizes the robust network and treasury capabilities of Mastercard, alongside Access Bank’s innovative Access Africa platform.
The partnership aims to expand opportunities for cross-border payments to and from Africa, improving financial inclusion and connecting the continent more closely with the global economy. This initiative will reduce transaction costs and increase the availability of secure and transparent payment channels across Africa.
Mastercard brings to the partnership its extensive global network and financial technology solutions, which include the Mastercard Move system, enhancing the treasury operations across borders. Access Bank contributes its deep market understanding and the innovative Access Africa platform, designed to offer instant and seamless financial transactions.
Fable Fintech, an Express Partner of the Mastercard Move Partner Program, played a crucial role as the technical implementation partner. Their involvement ensured a seamless integration across multiple countries, enhancing the service reliability and reach.
Mark Elliott, Division President for Africa at Mastercard, said, “Empowering Access Bank customers with innovative solutions that prioritize choice, security, and flexibility is an achievement that fills us with great pride. This collaboration signifies our commitment to transforming payment experiences as it not only brings cutting-edge payment solutions to the bank’s diverse clientele, but also extends the reach of Mastercard’s financial and digital ecosystem, ensuring millions from underserved communities can actively participate in the evolving financial and digital economy.”
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