Mastercard Inc, a leading payment processor, has entered into an agreement to acquire a minority stake in the fintech division of MTN Group Ltd. The CEO of MTN, Ralph Mupita, has confirmed ongoing negotiations for this investment, as reported by Bloomberg. The bedrock of MTN’s fintech initiatives centers around its mobile money offering, MoMo, which…
Airtel Africa and Mastercard have jointly announced the introduction of an advanced cross-border remittance service, allowing Airtel subscribers across 14 African markets to send and receive money seamlessly. This groundbreaking service will be implemented in a phased manner, offering users a streamlined digital experience that bridges them to a global network. Remittances play a significant…
Mastercard and Lipa Later Group have joined forces to expand the Buy Now, Pay Later (BNPL) solution across the African continent. Through this strategic partnership, the two companies aim to provide flexible financing options to empower individuals and businesses, promote financial inclusion, and drive sustainable economic growth in Africa. Mastercard’s extensive network of merchants and…
dfcu Bank, Mastercard, and Rabo Partnerships have come together to announce a transformative strategic partnership aimed at digitizing the agricultural ecosystem in Uganda. This collaborative effort seeks to empower smallholder farmers and other actors in the agricultural value chain by providing them with improved access to markets and credit facilities, ultimately enhancing their livelihoods. The…
