Deadline for Mastercard Start Path applications extended

Must Read

PZ Cussons commences entries for Cussons Baby Moments’ 6th season

PZ Cussons has announced the commencement of entries of the 6th season of its eponymous baby competition in Nigeria tagged...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Midea Showrooms And Stores In Nigeria

If you’ve been wondering where Midea showroom and stores are in Nigeria below is a list of Showrooms and...
- Advertisement -
- Advertisement -

Mastercard today extended its call for applications from African fintech startups to its Start Path programme, the company said in a press release today.

Applications for the next six-month virtual programme will be accepted until 1 August 2017. The initiative is open to fintech and tech start-ups from Africa and across the world who are shaping commerce by rethinking banking and payments and who are well established already, having raised a significant seed or Series-A round of investment.

Start-ups accepted to the programme benefit from the knowledge of a global network of Mastercard experts, access to Mastercard customers and partners, and the ability to innovate on top of Mastercard solutions.

Read:  Stanbic IBTC Bank Launches SAMI

To date, one African startup — Nigerian firm NetPlus — has been selected to the programme. The company has since partnered with Mastercard to introduce a game-changing ecommerce solution for developing markets plagued by cash.

NetPlus benefited from knowledge-sharing and mentorship sessions in New York, London and Singapore where the company met with other startups and Mastercard customers.

Building on the experience, NetPlus then partnered with Mastercard to develop an ecommerce solution that overcomes the challenge of payments still being made in cash at the point of delivery.

The new solution allows customers to pre-authorise the payment when placing their order online – with payment only being released once the customer has confirmed their satisfaction on delivery. This has advantages for both merchants and customers.

Read:  President Buhari Delegated Mr Mele Kyari As The New NNPC Group Managing Director
Read:  Fidelity Bank Restates Commitment To Customers With New Brand Campaign

Mastercard Start Path vice president Amy Neale said the NetPlus and Mastercard collaboration is evidence of the world-class talent on the continent.

Interested start-ups can visit https://www.startpath.com/ for additional information and to submit an application.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Samsung Presents Galaxy A10s, A20s and A30s For New Smartphone Generation

Samsung yesterday unveiled new members of the Galaxy A Series smartphones – the Galaxy A10s, A20s and A30s. These...

Federal Govt & World Bank To Debate $3 Billion Power Sector Loan

Ndubuisi Francis, Obinna Chima, Kunle Aderinokun, Nume Ekeghe and Nosa Alekhuogie in Washington DC. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed,...

CBN Issues Part Of N499 Billion Credit Penalty To Banks

The Central Bank of Nigeria (CBN) had Issued to some banks part of the N499,175,535,097 subtracted from 12 banks as additional cash savings after...

Yankee Candle Celebrates 50 Years of Candle-Making and A ‘Scent-Evoking’ 10 Years in Singapore

SINGAPORE - Media OutReach - 18 October 2019 - Yankee Candle®, America's best-loved candle, celebrates its 50th anniversary and ten years in Singapore this year. Founded by Mike Kittredge in 1969, Yankee...

More Articles Like This