MasterCard has set its sights on the expanding African payment ecosystem. Mark Elliott, division president, Sub-Saharan Africa at MasterCard, says: “Africa presents a vast untapped market for fintech and digital solutions, and MasterCard has developed a comprehensive strategy for leveraging these opportunities and fostering innovation in the region.” According to the corporation, increased access to...
Mastercard has collaborated with the Zanzibar’s e-Government Agency (eGAZ) to support and accelerate the isles ambitious digital transformation journey. This will allow different sectors across Zanzibar such as tourism to digitise payments which will significantly contribute to economic growth. According to the press release, the signing of the Memorandum of Understanding (MoU) took place parallel...
Mastercard is collaborating with Meta to support the digitization and growth of SMEs across the MEA (the Middle East, & Africa) region by organizing a training webinar that will provide SMEs insights from industry experts, and a masterclass on how to manage uncertainty from renowned authors and academic Nathan Furr, Associate Professor of Strategy at...
Between March 2019 and March 2021, the value of transactions carried out by Mobile Money in Zambia grew by more than 335% according to the Central Bank. Zamtel, which is also seeking to increase its revenues in this growing segment in the country, is banking on opening up to the international market. Zambia Telecommunications Company Limited...
Mastercard will invest US$100-million (R1.5-billion) in Airtel Africa’s mobile money operations, valuing the business at $2.65-billion (R39.2-billion), the London-listed company said on Thursday. Mastercard will hold a minority stake in Airtel Mobile Commerce, in line with Airtel Africa’s plan to monetise the mobile money business by selling up to a 25% stake in the unit, the...
Mastercard and MTN today announced a strategic partnership to enable millions of consumers in 16 countries across Africa to make global e-commerce payments safely and securely. Through a Mastercard virtual payment solution linked to MTN MoMo (Mobile Money) wallets, consumers and merchants can engage with brands and businesses abroad through digital commerce, extending their reach...
