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 Johannesberg, South Africa, Mr. Muyelu said the partnership will enhance the facilitation and adoption of e-commerce growth in Zambia.
Mr. Muyelu said the business partnership with MasterCard will lower the cost of businesses involved in e-commerce in Zambia due to integrated payment platforms.
He 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.
Mr. Muyelu 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.
He disclosed that MasterCard has committed to invest a significant amount of money in his company to facilitate technological support and training for members of staff.
Mr. Muyelu 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 who included First Secretary Trade Mande Kauseni the board Member Mr. Ngenda Nyambe, Chief Operations Officer Chola Bwalya and the ProBASE South Africa Business Development Officer Rowena Chordries.
MasterCard is a leading international payment system company providing its customers worldwide and region through its parent MasterCard incorporated.
This is according to a statement issued to the media by First Secretary for Press and Public Relations Naomi Nyawali.