MasterCard announced it has appointed M2M SPS, a provider of eTransaction processing, as its Principal Member in Morocco. MasterCard and M2M SPS will work together to help improve the country’s electronic payments acceptance.
As the new Principal Member of MasterCard, M2M SPS will allow customers to utilize MasterCard’s acquiring and issuing solutions when making transactions with various merchants and eCommerce platforms. Users will also be offered support through MasterCard’s other services such as technical support, training, and new payment platforms.
MasterCard aims to improve and increase its point of sale transactions in Morocco through the partnership. Moroccan consumers will be given more accessibility to MasterCard’s global payments network.
“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.” Stated Faissal Khdiri, VP and Regional Manager at MasterCard.
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