A Zambian company specialized in financial technology has signed a partnership agreement with MasterCard, a leading global electronic payment provider.
ProBASE Limited Chief Executive Officer Roy Muyelu signed on behalf of his company while MasterCard Division President-Southern Africa, Mark Elliot signed on behalf of MasterCard.
Speaking after signing the partnership agreement at a ceremony held at Melrose Arch in Pretoria, South Africa,
Mr Meyulu said the partnership will enhance the facilitation and adoption of e-commerce growth in Zambia.
He said the business partnership with MasterCard will lower the cost of businesses involved in e-commerce in Zambia due to integrated payment platforms.
Mr Meyulu added that the partnership will enhance government revenue collection through e-taxes and e-tolls as the company was currently the provider of the electronic payment systems that public institutions and other private players were using in Zambia.
He said expressed confidence that the partnership with MasterCard will bring into the country leading international brands and standards that would facilitate cost effective methods of transaction.
Mr Muyelu disclosed that MasterCard has committed to invest over four hundred thousand dollars in his company to facilitate technological support and training for members of staff.
He said MasterCard will provide training for his members of staff regarding latest technology and enhanced e-commerce security.
The signing ceremony was attended by Embassy staff First Secretary Trade Mande Kauseni the board Member Mr Ngenda Nyambe , Chief Operations Officer Mr. Chola Bwalya and the ProBASE South Africa Bussiness Development Officer Ms Rowena Chordries.
Mastercard is a leading international payment system company providing it’s customers world wide and region through it’s parent MasterCard incorporated.
This is contained in a statement by Naomi Nyawali First Secretary Press and Public Relations, Zambia’s High Commission, South Africa.