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Home Economy Fintech

Mastercard and Nomba Join Forces to Advance Seamless Payments in Nigeria

Nomba will harness Mastercard’s technology to deliver faster and more reliable payments, to enhance financial inclusion through secure and efficient payment solutions for businesses

by Latifat Fashina
April 3, 2025
in Fintech
0
Mastercard and Nomba
L-R: Folasade Femi-Lawal, Country Manager and Area Business Head for West Africa at Mastercard; Seun Osunkeye, Senior Vice President, Finance, Nomba

L-R: Folasade Femi-Lawal, Country Manager and Area Business Head for West Africa at Mastercard; Seun Osunkeye, Senior Vice President, Finance, Nomba

UBA
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Mastercard has announced a strategic collaboration with Nomba, a leading payment solutions provider, to deliver seamless payment experiences for businesses across the country.

Through this collaboration, Mastercard Gateway will be integrated into Nomba’s Checkout solution, offering businesses a seamless, secure, and efficient way to process transactions and connect with customers locally and globally.

Mastercard’s trusted global infrastructure and cutting-edge technology will help Nomba to elevate its payment solutions, enabling businesses to deliver faster, safer, and more reliable payment options.

By integrating Mastercard’s advanced capabilities, Nomba Checkout will support a variety of payment methods, including international cards, QR codes etc.

This collaboration aims to enhance payment experiences and advance financial inclusion by expanding access to digital payments in Nigeria and across Africa.

Folasade Femi-Lawal, country manager and area business head for West Africa at Mastercard, said:

“As Mastercard continues driving innovation and financial inclusion, we are thrilled to join forces with Nomba in its mission to deliver premier payment solutions to businesses in Nigeria. Our broader mission includes bringing one billion people into the digital economy by 2025, and this collaboration with Nomba is an important step in driving that goal. With our trusted global infrastructure and cutting-edge technology, we are excited to support Nomba in its efforts to drive the growth of digital payment solutions, offering businesses a faster, safer, and more reliable way to connect with customers.”

Jafer Ali Shariff, Head of Product at Nomba, said:

“At Nomba, what excites us is seeing our customers’ growth journey and this collaboration with Mastercard is a fundamental step that unlocks new opportunities. As we work towards building a digital Africa, Mastercard’s global expertise and state-of-the-art technology will allow Nomba Checkout to deliver the speed, efficiency and reliability our customers need to scale their businesses.”

The collaboration brings several benefits for businesses, including enhanced reliability through Mastercard’s secure global infrastructure, improved fraud prevention and data protection tools, and expanded access to Mastercard’s vast network of users.

Faster transaction processing also enables businesses to operate more efficiently, improving cash flow and customer satisfaction.

Looking ahead, Mastercard and Nomba remain committed to expanding the payment ecosystem across Africa.

With the growing demand for digital payment solutions, this collaboration is an important step toward creating a seamless and secure payment landscape that empowers businesses and consumers alike.

Together, Mastercard and Nomba are driving the transition toward an inclusive, digital Africa, one payment at a time.

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Tags: Mastercard and NombaMastercard GatewayNomba
Latifat Fashina

Latifat Fashina

LATIFAT FASHINA is the Business/Finance Reporter at Techeconomy. She can be reached via: latifat.fashina@techeconomy.ng

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