Mastercard links up with another fintech, Sokin – ITP.net

Mastercard links up with another fintech, Sokin – ITP.net

Payments giant Mastercard has linked up with another fintech, Sokin, to rollout new payments solutions across the Middle East and Africa.

In the last month, Mastercard has partnered with fintechs OPay and KamelPay to boost financial inclusion and develop digital payment solutions across the MEA. Mastercard has made a worldwide commitment to financial inclusion, pledging to bring 1 billion people and 50 million micro and small businesses – with a focus on 25 million women entrepreneurs – into the digital economy by 2025.

“The obstacles to accessing opportunities in the global payments ecosystem have resulted in the exclusion of millions of people that are unable to easily, and instantly, make essential payments and transfers,” said Kaushik Sthankiya, chief commercial officer, Sokin.