On Tuesday, Mastercard Move and the BCP Group announced a strategic partnership aimed at revolutionizing cross-border payments. By leveraging Mastercard Move’s advanced money transfer capabilities, the collaboration will provide BCP’s clients—both individuals and businesses—with seamless, secure, and cost-effective international payment solutions across the African markets where BCP operates.
According to Mastercard, the partnership will enable near-instant, traceable, and affordable cross-border payments, reflecting the shared vision of both organizations to deliver inclusive and innovative financial solutions. These efforts aim to enhance transaction efficiency while reducing costs for end users.
This initiative underscores BCP Group’s strong commitment to meeting the needs of consumers and businesses across the region. Kamal Mokdad, Managing Director of BCP and International, expressed enthusiasm for the collaboration. “We are thrilled to partner with Mastercard to address the real needs of people in the countries where we operate across Africa. This collaboration represents a new milestone in the strategic relationship between BCP Group and Mastercard. It reaffirms our dedication to delivering top-tier payment services and driving innovation within Africa’s banking sector,” Mokdad stated in a press release.
He added that the partnership would not only enhance the customer experience but also bolster the region’s economic growth by simplifying international money flows and offering competitive pricing.
Dimitrios Dosis, Mastercard’s President for Eastern Europe, the Middle East, and Africa, emphasized Mastercard’s commitment to fostering a thriving digital economy. “At Mastercard, we are committed to building a prosperous digital economy where everyone can thrive. Our latest collaboration with BCP Group aligns perfectly with our mission to provide innovative payment solutions that meet the evolving needs of consumers and businesses,” Dosis remarked.
He further highlighted the goal of creating a more connected and inclusive financial ecosystem through rapid, transparent, and flexible money transfers.
Mastercard Move, the company’s comprehensive portfolio of money transfer solutions, enables a wide range of domestic and international payment experiences. These range from personal transfers to corporate disbursements and payments. Supporting over 150 currencies across more than 180 countries, Mastercard Move facilitates fund transfers to diverse destinations globally, offering unmatched flexibility and reach.
