The partnership is meant to design a digital ecosystem in DRC
Mastercard has partnered with a Kenya-based digital payments technology company Billetera. They aim to provide unbanked and financially excluded residents in the Democratic Republic of Congo (DRC) with access to formal financial and digital services through a range of digital payment solutions.
According to the press release, with only 22.5 million of DRC’s total population of 90 million being financially included within the nation’s financial system, access to banking and mobile money has become an important agenda for the government.
Mastercard’s partnership with Billetera is aimed at creating payments solutions that will drive acceptance of government services such as water and electricity bills, taxes such as wet market permits, housing rents and building permits, e-visas, customs payments in the ports.
The acceptance solutions were designed for delivery through online portals and PostBank channels.
The partnership will support the development of an e-citizen system through the launch of a digital wallet that will serve as the ID and main payments platform for payments to and from the government.
We’ve reported that Western Union enables cross-border payments on Google Pay.