Mastercard pay-as-you-go API applied to QR-based solar energy project in Uganda

Mastercard in partnership with M-KOPA Solar and Centenary Bank, celebrated the first ‘pay-as-you-go’ QR transaction this week, officially launching the initiative, which provides a simple and inexpensive way to power the homes and businesses of Ugandans.

Developed by Mastercard Labs, the new Mastercard’s pay-as-you-go API solution will empower M-KOPA and Centenary Bank to bring new payment innovation to the market, combining low cost QR technology – an open and interoperable technology, with the Internet of Things (“IoT”) to lead more secure and efficient payments in the market. Customers are enabled to make payments from their mobile phones by scanning a QR code or using an USSD interface.

Full article: Finextra

 


 

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