Douglas Mwiti 
- Mastercard and Diamond Trust Bank (DTB) Partner to Enhance Digital Payments in East Africa
Mastercard and Diamond Trust Bank (DTB) have entered into a significant 10-year agreement aimed at expanding digital payment solutions across Kenya, Uganda, and Tanzania.
This long-term partnership intends to elevate the digital banking experience for individuals and businesses throughout East Africa.
A central focus of the collaboration will be to deliver innovative, secure, and user-friendly payment solutions.
Mastercard and DTB also plan to introduce passive payment wearables powered by tokenization, making Kenya the first in the region to implement this contactless payment technology.
Developed with Tappy Technologies, these new tokenization-based payment wearables enable consumers to make secure, tap-to-pay transactions using wearable devices at any compatible point-of-sale terminal.
Tokenization replaces sensitive payment information with encrypted tokens, ensuring secure transactions by safeguarding cardholder data.
“We are thrilled to collaborate with Diamond Trust Bank and Tappy Technologies to launch these game-changing innovations,”said Mark Elliott, Division President for Africa at Mastercard.
“By combining our expertise in digital payment solutions with DTB’s strong market presence,we are enhancing the banking experience and providing customers with more secure and convenient ways to pay.
This collaboration underscores our commitment to driving digital transformation and financial inclusion across East Africa.”
The partnership marks a significant milestone in digital transformation efforts within the region, enhancing the convenience and security of everyday transactions through advanced payment technology.
