The platform is expected to solve issues that are limiting device financing in emerging markets
Mastercard announced a partnership with Samsung to provide consumers and small businesses with digital access through its extensible Pay on Demand platform.
The platform aims to accelerate digital inclusion by bringing together financial institutions, original equipment manufacturers and telcos. What is more, it enables consumers to access devices in a pay-as-you-go model.
According to information, the Pay on Demand platform will bring together lenders who give consumers access to affordable device financing. What is more, it ensures the integrity and safety of consumer data and transactions. Meanwhile, consumers will be able to analyze and build their credit history from usage data.
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