Mastercard and Moniepoint are deepening their partnership to strengthen cross border payments and make international transactions more accessible to businesses and consumers across Africa.
The partnership brings together Mastercard’s global payments network and Moniepoint’s extensive payments infrastructure in Nigeria, creating an opportunity to simplify how money moves between African markets and the rest of the world.
The development comes as cross-border payments remain a major challenge for African businesses, freelancers, online merchants and consumers. International transactions can often involve multiple intermediaries, high costs, currency-conversion challenges and delays. By combining Mastercard’s international network with Moniepoint’s local payment infrastructure, the companies aim to make these transactions faster, more reliable and easier to access.
Moniepoint, formerly known as TeamApt, has grown from a financial technology company providing infrastructure to banks into one of Nigeria’s largest payment platforms. Its TeamApt subsidiary operates as a Central Bank of Nigeria licensed switch and processor, while Moniepoint serves millions of businesses and individuals across the country.
The partnership also builds on TeamApt’s recent expansion into international card payments. In 2025, TeamApt secured the necessary certifications from Mastercard and Visa to operate as a processor and acquirer for the global card schemes, allowing it to support international card transactions directly and provide processing services to other businesses across Africa.
For Nigerian businesses, the development could be particularly significant. Small and medium sized enterprises increasingly operate beyond their domestic markets, serving international customers, paying overseas suppliers and receiving money from clients abroad. A stronger cross border payments infrastructure could reduce some of the friction associated with these transactions.
Moniepoint already says its platform supports payments, banking, credit, cross-border services and business management tools for more than 20 million businesses and individuals each month, while its subsidiaries process more than $250 billion in digital payment transaction value annually.
The broader significance of the partnership extends beyond Nigeria. Mastercard has previously worked with African financial institutions to expand international payment corridors, including initiatives designed to enable faster and more transparent payments across dozens of countries.
For Mastercard, the collaboration strengthens its reach into one of Africa’s most dynamic digital payment markets. For Moniepoint and TeamApt, it represents another step in the company’s evolution from domestic payment infrastructure into a broader African financial technology platform.
As African commerce becomes increasingly digital and businesses look beyond national borders, partnerships such as this could play an important role in building a more connected payments ecosystem one where sending, receiving and accepting money internationally becomes faster, simpler and more accessible.
