Mastercard and TeamApt, the financial infrastructure company behind Moniepoint, have expanded their partnership to broaden digital payment acceptance among businesses and financial institutions across Nigeria, with more than 40 million micro, small and medium-sized enterprises (MSMEs) targeted. The expanded agreement will see TeamApt operate directly on Mastercard’s global payments network as a non-bank acquirer. Through the arrangement, the company will be able to onboard licensed entities and offer payment acceptance, transaction processing and acquiring services through in-store, online and mobile channels. The collaboration brings together TeamApt’s payment-switching infrastructure and Mastercard’s global...