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Mastercard has joined forces with Guaranty Trust Bank Liberia (GTCO Liberia), a prominent Liberian financial institution recognized for its dedication to innovation and customer-centric approach.
This strategic collaboration is poised to introduce an innovative payment gateway service to Liberia, heralding a significant transformation in the nation’s digital payment landscape.
By harnessing Mastercard’s state-of-the-art technology and GTCO Liberia’s robust banking network, this partnership seeks to redefine digital payments in the country.
The Mastercard and GTCO Liberia partnership marks a pivotal stride towards advancing Liberia’s digital payments economy, empowering individuals and businesses to unlock new prospects and stimulate economic growth.
To achieve this, the Mastercard Payment Gateway Service (MPGS) will play a central role in equipping customers with an array of payment options, including card payments, mobile wallets, and QR code-based transactions.
This multifaceted approach ensures swift and secure transactions for goods and services, whether online or in-store, all while benefiting from Mastercard’s extensive global acceptance network.
Ebehijie Momoh, the Country Manager and Area Business Head for West Africa at Mastercard, expressed enthusiasm about the partnership with Guaranty Trust Bank Liberia. He emphasized the potential of technology-driven collaborations to foster financial inclusion and uplift communities across Liberia. Momoh reiterated their dedication to shaping a more accessible financial future for all in the country.
The collaboration with GTCO Liberia represents a significant stride in promoting financial inclusion and driving economic growth in Liberia. The innovative payment gateway will furnish individuals, businesses, and government entities with a secure, convenient, and seamless digital payment solution.
Guaranty Trust Bank Liberia affirmed its commitment to crafting meaningful solutions and highlighted the pivotal role of this partnership in enhancing digital payment experiences for Liberians.
The Mastercard payment gateway service incorporates advanced security features such as tokenization and multi-factor authentication to safeguard customers’ financial information and provide peace of mind during transactions.
Furthermore, the partnership will empower GTCO Liberia to tap into Mastercard’s extensive network of merchants, enabling local businesses to embrace digital payments and broaden their customer base.
By combining expertise and resources, the objective is to expedite the adoption of digital payments, simplifying and enhancing the security of customer transactions. This partnership aligns with the commitment to offer innovative financial solutions and propel economic progress in Liberia.
The Mastercard payment gateway service will be rolled out gradually, commencing with selected merchants and progressively expanding to encompass a diverse range of businesses across Liberia.
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