-
Partnership: Mastercard (Payment Network) & mTek (Insurance Technology Platform)
-
Core Technology: Seamless API Integration into existing payment gateways and apps.
-
Coverage Region: Launching in Kenya, Tanzania, and Rwanda with East African expansion plans.
-
Insurance Types:
-
Airtime & Data Loss Protection: Automatic cover for prepaid mobile top-ups.
-
Device Screen Protection: Optional cover for smartphones/tablets purchased via partner retailers.
-
Purchase Security: Cover for stolen or damaged goods bought with a Mastercard.
-
-
User Journey: Single-click opt-in during the checkout process on integrated apps and websites.
-
Claims Process: Fully automated, in-app claims filing powered by mTek’s platform.
-
Target Audience: Millions of mobile money users, online shoppers, and prepaid customers across East Africa.
Long Description:
A New Era of Financial Protection is Here for East Africa
In a groundbreaking move for the region, Mastercard has partnered with African insurtech leader mTek to seamlessly weave insurance into the very fabric of digital payments. This isn’t just another payment option; it’s a paradigm shift towards a safer, more secure digital economy.
Imagine topping up your airtime and, with a single tap, insuring it against accidental loss. Or buying a new smartphone online and adding screen protection before you even complete your purchase. This is the power of embedded insurance. By leveraging Mastercard’s vast payment network and mTek’s proven digital insurance platform, “Checkout Shield” makes micro-insurance an accessible, affordable, and effortless part of daily transactions.
This partnership, launching in Kenya, Tanzania, and Rwanda, democratizes financial safety nets for millions. It represents the future of B2C technology in Africa: intuitive, protective, and empowering. For the first time, East Africans can enjoy the peace of mind that their digital purchases are protected, fostering greater trust and adoption in the digital economy. The future of payments is not just seamless—it’s secure.
