MENA’s Online payment service Payfort has partnered with Mastercard for seamless e-commerce and mobile payment solutions in the region as it experiences a significant growth in e-commerce and mobile payments.
The addition of Mastercard solutions on top of PAYFORT’s secure payment platform offers online shoppers in the Arab world the convenience of one-click payments, while assuring them of safe and secure transactions. Enterprise customers using The FORT, PAYFORT’s next generation payment gateway, can add Masterpass to their online checkout options easily, This is expected to give customers better online purchase experiences and curb fraud.
According to Khalid Elgibali, Division President, Middle East and North Africa, Mastercard, “The online business industry in the Middle East and North Africa region is expected to reach $69 billion by 2020, according to PAYFORT State of Payments 2016. With this tremendous growth comes a greater need to make e-commerce transactions simpler, more secure and seamless for both merchants and consumers. Our collaboration with PAYFORT will help create a sophisticated and safe online payments environment – increasing the confidence of all stakeholders involved in an e-commerce transaction through our cashless solutions.”
Masterpass options will also be included in START, PAYFORT’s solution for SMEs. By meeting the security concerns of the online shoppers in the region, PAYFORT expects to see an increase in e-commerce, as more and more shoppers opt to shop online.
“We are pleased to partner with Mastercard and allow PAYFORT merchants to quickly and easily integrate breakthrough security solutions into their payment processes, helping them to increase credit card acceptance both online and offline,” said Omar Soudodi, Managing Director, PAYFORT. “