Mastercard announces strategic partnership with the Econet Group

By Pavithra R

The Econet Group through its subsidiary Cassava FinTech International has announced entering into a strategic partnership with Mastercard to advance digital inclusion across Africa and collaborate on a range of initiatives including the expansion of the Africa CDC TravelPass.

TravelPass is a digital health pass developed by Cassava FinTech and offered in conjunction with the Africa Centres for Disease Control and Prevention (Africa CDC). The health pass was developed to fight against the cross-border spread of Covid-19 in Africa and is accessible to users of Cassava FinTech’s Sasai SuperApp.

By partnering with Mastercard, Cassava FinTech will enhance the security of TravelPass through Mastercard’s Community Pass platform. Mastercard Community Pass is an interoperable digital platform facilitating service delivery for marginalised individuals and communities, including access to critical health services like patient care plan tracking for Covid-19.

“The partnership with Mastercard would pave the way for both companies to jointly tackle the challenges facing African economies as they re-open post the COVID-19 pandemic. We are excited to work with Mastercard to explore solutions that will, among other things, mitigate the risk of falsified presentation of a third party’s Travel Pass at access and transit points,” said Darlington Mandivenga, Cassava FinTech’s CEO.

Through this initiative, the companies seek to offer a unified solution with greater convenience and enhanced security, that will promote safe cross border travel in Africa in response to the Covid-19 pandemic. The alliance will also allow the companies to to explore collaboration such as the further integration of the Community Pass with Cassava FinTech’s mobile and financial services, acquiring and processing of card payments across the continent, along with the introduction of a virtual or physical card on the Sasai SuperApp.

Cassava FinTech uses an integrated model to provide financial and digital services to ensure a “financially inclusive future that leaves no African behind”.

“We look forward to to joining hands with Cassava FinTech in exploring new solutions that will make a difference and benefit the continent. In addition to digital innovation for future travel, Cassava will also leverage our secure payments network to advance access to financial services,” said Mark Elliott, Divisional President, Southern Africa, Mastercard.