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Jun 20, 2023 950

Vodafone Fiji Partners With Paymentology to Offer Mastercard Digital First Cards to Customers

#Fintech

Global payment processor Paymentology has renewed its partnership with Vodafone Fiji, to evolve its M-PAiSA mobile wallet. The wallet will now be able to issue Mastercard digital first cards to its customers via the M-PAiSA app, easing cross-border and online payments.

‘Vodafone continues to explore new boundaries in the mobile world’

The announcement comes as credit and debit card usage in Fiji lags behind that of developed markets. Recent surveys have also revealed that a considerable proportion of Fijians face difficulties obtaining scheme cards for cross-border payments and participating in a digital economy. The onboarding of M-PAiSA Mastercard enables customers to apply through the M-PAiSA app without the need to visit any existing outlets.

Emre Durusut, regional director APAC at Paymentology, also offered his thoughts on the move: “We’re incredibly proud to support this next stage of Vodafone Fiji’s financial services evolution. This move has not only diversified their revenue streams but has also reduced their reliance on conventional communication services, which are now considered mature products. “Vodafone continues to explore new boundaries in the mobile world, and with our support has not only unlocked new markets but has also made significant strides in promoting financial inclusion. We look forward to continuing to pave the way for a more inclusive and technologically advanced future together.”

Deepak Baran, head of fintech at Vodafone, commented on the announcement: “We are thrilled to continue our collaboration with Paymentology as our chosen issuer processing partner, their fundamental platform capabilities such as compliance, speed, data, customisation, and security are unparalleled. “Plus, their unrivalled local knowledge and unwavering commitment to financial inclusion have played an essential role in our achievements. Together, we are shaping a future where financial opportunities are accessible to all Fijians, and making great progress towards fully embracing the flourishing digital economy.”