Access Bank Group and Mastercard join forces to expand opportunities for cross-border payments for african businesses and consumers

From L-R: Onur Kursun, Executive Vice President & Head of Transfer Solutions, Eastern Europe, Middle East & Africa, Mastercard; Funmi Afolabi, Group Head, Payment and Remittances, Access Bank; Robert Giles, Senior Banking Advisor, Retail, Access Bank; Chizoma Okoli, Deputy Managing Director, Access Bank; Mark Elliott, Division President, Africa, Mastercard, and Folasade Femi-Lawal, Country Manager, West Africa, Mastercard, at the Mastercard and Access Bank Cross-Border Payments Solution Media Briefing on May 8, 2024, in Lagos, Nigeria.

Access Bank Group, a leading multinational bank, has launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy. By leveraging the network and treasury capabilities of Mastercard Move, Access Bank, through its cutting-edge Access Africa platform, shall empower individuals and businesses to enjoy instant, traceable, seamless, and cost-effective international transactions.

The newly launched solution will be operational across Africa, with expansion plans in place for further penetration across the continent. The solution offers a global gateway for businesses and individuals that are leveraging Access Bank Group's deep understanding of the African markets and forward-looking vision that aims to realise customers' aspirations through innovative product sets. Stitching together Mastercard's multiple complementary network assets and the treasury capabilities of Mastercard Move, this collaboration offers customers more choices with their payment means.