BCP and Mastercard Boost Cross-Border Payments in Africa

BCP Group and Mastercard Join Forces for Faster, Safer Cross-Border Payments in Africa

Casablanca, Morocco; 29 November 2024 The BCP Group has launched a new collaboration with Mastercard to transform cross-border payments for both business and individual clients in Africa. This cooperation, which will make use of Mastercard Move's enhanced money movement capabilities, will deliver near-instant, safe, and cost-effective payment solutions, boosting financial transactions throughout the markets where BCP operates.

Both companies have the aim of providing inclusive financial solutions to African businesses and individuals, making money transactions faster, safer, and more cheap. BCP Group's strategy shift strives to answer its clients' specific demands, whilst Mastercard concentrates on providing new payment solutions that help the region's economy thrive.

Mr. Kamal Mokdad, General Manager of BCP & International, emphasized the significance of this partnership, saying: “We are delighted to join forces with Mastercard to address the real needs of the populations in our various countries of presence in Africa. This collaboration marks a new milestone in the strategic relationship between the BCP Group and Mastercard; it demonstrates our commitment to providing superior payment services and driving innovation in the African banking sector.”

Mr. Dimitrios Dosis, President of Eastern Europe, Middle East & Africa at Mastercard, also shared his thoughts: “At Mastercard, we are committed to building a prosperous digital economy where everyone can thrive. Our latest collaboration with BCP perfectly aligns with our mission to provide our customers with innovative payment solutions that meet the evolving needs of their consumer and business customers.”

Mastercard Move, a complete solution that allows for safe and traceable financial transfers, is used in this cooperation. Mastercard Move accepts personal and commercial payments in over 150 currencies and 180 countries, ensuring flexible and efficient worldwide money transportation.

Last Thoughts

BCP Group and Mastercard's relationship marks a key step towards more efficient and accessible cross-border payments in Africa. This project would surely streamline international financial transactions, giving firms and consumers the tools they need to prosper in the region's growing digital economy. With the promise of safe, traceable, and cost-effective solutions, Africa's cross-border payments future appears bright.