MasterCard and Moroccan fintech NAPS have partnered to accelerate the development of digital payment solutions in the North African country.
The two, NAPS and MasterCard, are aiming to create new ecosystems of digital services in Morocco to promote financial inclusion.
“These digital ecosystems will enable the development of high-value applications and explore new service opportunities, contributing to innovation and the digital transformation of the sector,” reads a joint statement.
NAPS is expanding digital payments in Morocco and with the partnership, the fintech says it benefits from MasterCard’s extensive network, expertise and wide-ranging portfolio of products and services.
The statement says: “In line with NAPS’ long-term strategy, the collaboration will boost the company’s innovation capabilities through Mastercard’s advanced technology and optimise time to market for its upcoming digital offerings.”
Hassan Ghellab, CEO, NAPS, says: “The partnership with Mastercard will reinforce our position as a market-leading fintech company and support the culture of innovation that is at the core of everything we do. By accelerating the development of digital payment solutions in Morocco, it will also contribute to cementing the country’s status as a premier fintech hub in the Arab world.”
Mastercard says it is committed to supporting a global network of innovators aiming to build a more accessible and sustainable digital economy.
“We serve as a trusted partner of pioneering fintech companies across all stages of development, helping them achieve agility and speed. We are delighted to share our technological expertise with NAPS to pursue our common objective of advancing inclusive growth,” says Mohamed Benomar, country general manager, MENA West, Mastercard.
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