Mastercard and TeamApt expand African payments

Mastercard and Moniepoint — TeamApt Limited, a subsidiary of Moniepoint Inc. Inc., announced a strategic collaboration to strengthen digital payment capabilities across Africa. Moniepoint — TeamApt will operate directly on Mastercard's global payments network as a non-bank acquirer, enabling it to onboard licensed entities and provide payment acceptance, transaction processing, and acquiring services. The partnership integrates Moniepoint — TeamApt's switching infrastructure with Mastercard's network to support secure, high-volume transactions across online, in-store, and mobile channels. This will expand card acceptance infrastructure, allowing more merchants to accept Mastercard payments. The collaboration aims to support Nigeria's over 40 million MSMEs and informal sector businesses, bringing them into the digital economy and enabling cross-border trade. Mastercard cards supported by Moniepoint — TeamApt's infrastructure will be usable across millions of merchant locations worldwide. The partnership leverages Moniepoint — TeamApt's local expertise and Mastercard's global scale to deliver more reliable and secure payment experiences. Moniepoint — TeamApt is a Nigeria — Central Bank of Nigeria-licensed switching and processing company with over a decade of experience. The collaboration also strengthens Moniepoint Inc.'s ecosystem, which operates across all 774 local government areas in Nigeria.