Mastercard teamed up with AXIAN Group to roll out virtual cards, physical cards, and merchant payment tools across Tanzania, Madagascar, Togo, Comoros, and Senegal through the Mixx and MVola apps. The setup lets people pay from their phones, check live exchange rates, and cancel sketchy transactions on the fly without needing traditional bank accounts.
AXIAN is betting this partnership puts financial tools in the hands of small business owners and regular consumers who got shut out of formal banking. The whole thing is supposed to make cross-border payments less of a pain while expanding access to digital money services across countries where banking infrastructure has been weak.
AXIAN is betting this partnership puts financial tools in the hands of small business owners and regular consumers who got shut out of formal banking. The whole thing is supposed to make cross-border payments less of a pain while expanding access to digital money services across countries where banking infrastructure has been weak.
