Dakar, Senegal; November 20, 2024: New Africa Technology (NAT), a fintech based in Senegal, has entered into an agreement with Mastercard to issue a virtual and physical prepaid card to consumers from its “Flash” application. This collaboration aims to transform the payments ecosystem in Senegal, Ivory Coast and Benin.
The solution is also designed to help merchants by driving payment acceptance through advanced technologies such as QR Pay, Pay by Link and contactless payments. Additionally, it offers businesses a dedicated platform called “Flash in Business”, which provides them with a complete solution for their financial needs.
« We are excited to partner with Mastercard to launch this first-of-its-kind fintech card program that offers users advanced payment solutions that are secure, versatile and inclusive. This collaboration represents a big step forward in making financial services more accessible in the region », declared Birane Ndour, CEO of New Africa Technology.
« This alliance underscores our commitment to advancing financial inclusion and economic development in the region. This collaboration with New Africa Technology leverages our global network and local expertise to improve the financial well-being of individuals and drive the growth of local businesses and the broader economy “, declared Mark Elliott, Divisional President for Africa at Mastercard.
The “Flash” e-wallet allows for seamless transactions and offers virtual and physical prepaid cards for payments. It also incorporates beneficial features such as paying bills between multiple people, managing expenses, and helping with budgeting. The application is also interoperable with other e-wallets in the region, allowing users to transact seamlessly.
Senegal
