Fintech payment firm Sokin has announced a partnership agreement with Mastercard to support the rollout of its fixed-price payment services across new markets in the Middle East and Africa (MEA).

The company explains that it will be using Mastercard’s banking solutions and card services to expand its footprint and launch its own card programs for businesses and consumers. To that end, a Sokin Card solution is expected to launch in 39 countries in the MEA region, with South Africa and Nigeria among others being touted.

For now, no precise date has touted for the rollout, but more details are said to be in the offing.

“The obstacles to accessing opportunities in the global payments ecosystem have resulted in the exclusion of millions of people that are unable to easily, and instantly, make essential payments and transfers. We’ve launched this progressive partnership with Mastercard to boost financial inclusion, helping our customers to access a wider range of financial service products across different markets, and we’re excited to provide digital payment solutions to people in the Middle East and Africa,” notes Kaushik Sthankiya, chief commercial officer at Sokin.

“As the partner of choice for fintechs around the globe, we are proud to support Sokin’s expansion to the diverse markets in the Middle East and Africa, connecting its people to global payment solutions in a digital-first, transparent and safe way,” adds Amnah Ajmal, EVP for Market Development, Eastern Europe, Middle East and Africa at Mastercard.

When the Sokin Card and accompanying solutions are launched in countries like SA, they will be available in five languages – English, French, Portuguese, Spanish and German.

This added to the promise of unlimited international money transfers and payments with no mark-up on transactions or hidden fees, Sokin concludes.