Smile ID, Mastercard Announce Partnership to Scale Digital Identity Across Africa
- Africa's digital economy projected to reach $1.5 trillion by 2030.
- Mastercard extends partnership with Smile ID to enhance digital identity solutions.
- The partnership aims to reduce identity fraud and improve customer onboarding for banks and fintechs.
The partnership between Mastercard and Smile ID represents a significant step towards enhancing digital trust and inclusion in Africa's burgeoning digital economy. By addressing identity verification challenges, this collaboration not only mitigates fraud but also opens up financial opportunities for millions, which is essential for sustainable economic growth in the region.
