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Mastercard & NAPS partner to offer payment solutions in Morocco

By Delisha Fernandes

June 05, 2023

  • African FinTech
  • Digital Ecosystems
  • Digital Offerings

Mastercard and NAPS, a Moroccan FinTech company, have collaborated to develop innovative payment solutions for individuals and businesses. The partnership consolidates the strong historical relationship between the two entities.

As Mastercard’s partner, NAPS benefits from access to its extensive network, knowledge and wide-ranging portfolio of products and services powered by innovative and secure technologies.

In line with NAPS’s 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.

“At Mastercard, we are committed to supporting a global network of innovators 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,” said Mohamed Benomar, Country General Manager, MENA West, Mastercard.

“The partnership with Mastercard will reinforce our position as a market-leading FinTech company and support the culture of innovation at the core of everything we do. Accelerating the development of digital payment solutions in Morocco will cement the country’s status as a premier FinTech hub in the Arab world,” said Hassan Ghellab, CEO of NAPS.

NAPS and Mastercard aim to create new ecosystems of digital services in Morocco to unlock the full potential of digital payments and provide users with an enhanced experience through innovative services 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 sector’s digital transformation.

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