17 August 2017
Find out more

MasterCard signs M2M SPS as principal member in Morocco

22 July 2013  |  2252 views  |  0 Source: MasterCard

In line with its commitment to enhance the electronic payments acceptance infrastructure in Morocco, global payments and technology company MasterCard today announced the appointment of M2M SPS, a leading provider of secure e-transaction processing solutions as its Principal Member in Morocco.

As a new Principal Member of MasterCard, M2M SPS will be enabling its customers to leverage MasterCard's acquiring and issuing capabilities across several merchants and e-commerce channels, backed by MasterCard's support with a suite of advanced value-added services, technical support, training, and new payment platforms. With this enhanced collaboration, MasterCard's point of sale will significantly increase across Morocco, thereby allowing more consumers to access MasterCard's global payments network.

Commenting on the new collaboration, Faissal Khdiri, Vice-President and Regional Manager, North and French Speaking Sub-Sahara Africa, MasterCard, said: "Electronic payment solutions are becoming increasingly popular across the North Africa region, as more and more consumers tend to adopt and conduct cashless transactions in their daily activities. Today's agreement with M2M SPS will enable MasterCard to further support the growth of electronic transactions with state-of-the-art technology solutions, and open up new channels for merchants, which can drive new revenue streams for their businesses, especially in popular sectors such as the transit system and small groceries."

With this new collaboration, MasterCard is also paving the way for the introduction of latest contactless payments technology, which will enable consumers in Morocco to make fast and secure payments for low value payments across popular outlets.

"As a leading provider of secure processing solutions, M2M SPS is keen to remain at the forefront of technology and business innovation. We are confident that our strategic alliance with MasterCard will not only help us leverage an intense industry expertise in the Issuing and Acquiring segment in Morocco, but also help drive applied innovation and build strong presence in the electronic payments landscape in the North Africa region," said Mounir Essayegh, Chief Executive Officer, M2M SPS. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.abe-eba.euvisit www.niceactimize.com

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10039 views comments | 8 tweets | 16 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
10019 views comments | 13 tweets | 11 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8343 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7790 views 0 | 1 tweets | 9 linkedin
PayPal buys Swift Financial to boost working capital bizPayPal buys Swift Financial to boost worki...
7736 views comments | 13 tweets | 7 linkedin

Featured job


Brussels or Frankfurt

Find your next job