Mastercard partners mTek to embed insurance in East Africa payments

Christopher Ajwang
2 Min Read
  • Partnership Offering: A white-label B2B API suite for businesses and developers.

  • Integration: RESTful API for easy integration into mobile apps, USSD platforms, and e-commerce websites.

  • Coverage: Services available for businesses operating in Kenya, Tanzania, and Rwanda.

  • Product Modules:

    • Module A (Airtime/Data): Instant insurance for telecommunications transactions.

    • Module B (Retail Goods): Purchase protection for physical and digital goods.

    • Module C (Device Financing): Insurance bundling for device financing and pay-as-you-go models.

  • Customization: Fully customizable pricing, branding, and policy terms for enterprise clients.

  • Revenue Model: Flexible revenue-sharing structure for partner businesses.

  • Support: Comprehensive developer documentation, sandbox environment, and dedicated technical support.

Long Description:

Unlock New Revenue Streams and Customer Loyalty with Embedded Insurance

The strategic partnership between Mastercard and mTek isn’t just a consumer product—it’s a powerful B2B engine for growth. We are introducing the mTek-Mastercard Embedded Insurance API Suite, a developer-friendly toolkit that allows any business, from a growing fintech to a major retailer, to offer tailored insurance products directly within their customer journey.

This is your opportunity to be at the forefront of the “composable business” trend in Africa. By integrating our API, you can instantly provide value-added services like airtime loss protection or gadget insurance, creating a significant new revenue stream while dramatically enhancing customer stickiness. The process is seamless: a customer makes a payment on your platform, and with one extra click, they can opt into relevant insurance, all without ever leaving your app.

This solution is built for scale and simplicity, backed by Mastercard’s robust infrastructure and mTek’s deep expertise in African insurance markets. Transform your application from a simple utility into an indispensable, protective partner for your users. Integrate the mTek-Mastercard API today and future-proof your business in the competitive East African market.

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