Mastercard has increased its on-the-spot cashless payment facility to Sh3,500 from Sh2,500 to enhance use of electronic transactions.
Middle East and Africa (MEA) executive vice president in-charge of services Mete Guney said this will see consumers adhere to social distancing recommendations while enjoying a safer and “cleaner” mode of payment.
Mastercard has increased its on-the-spot cashless payment facility to Sh3,500 from Sh2,500 to enhance use of electronic transactions.
Middle East and Africa (MEA) executive vice president in-charge of services Mete Guney said this will see consumers adhere to social distancing recommendations while enjoying a safer and “cleaner” mode of payment.
"Today's announcement reflects the pace of those changing behaviours where we offer consumers an easier and convenient way to conclude transactions," said Mr Guney.
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The move review covers Uganda, Tanzania and Mauritius.
Guney said a growing number of merchants were encouraging consumers to pay via contactless modes thereby avoiding human-to-human contact.
The US-based tech company, since starting a campaign to promote use of digital and contactless payment technology, has experienced a 200 percent growth in the MEA region where contactless transactions account for one in every nine Mastercard transactions at point-of-sale.
To enhance adoption Mr Guney said Mastercard had introduced a cardholder verification, enhancing safety during use for individuals and businesses.
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