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Mastercard

A collection of 12 posts

Mastercard Ventures Into African Fintech With $5.2bn MTN Stake

Mastercard Ventures Into African Fintech With $5.2bn MTN Stake

Mastercard Inc. is making waves in African fintech by acquiring a minority stake in MTN Group Ltd.'s financial-technology subsidiary, valued at a whopping $5.2 billion. This move has sparked a remarkable 10% increase in MTN shares, underscoring the significance of the collaboration. MTN Group, the continent's telecom giant,

Mastercard Partners with EMIS to Boost the Digital Economy in Angola

Mastercard Partners with EMIS to Boost the Digital Economy in Angola

The partnership will enable Angolan citizens to gain access to both physical and virtual cards that can be used for cross-border payments, thereby aiding in the creation of an interoperable payment system. Financial institutions to also benefit as they will have cost synergies and access to Mastercard’s world-class technology

Mastercard partners with Lipa later team to boost BNPL payment services in Africa

Mastercard partners with Lipa later team to boost BNPL payment services in Africa

Mastercard has today partnered with Lipa Later, a credit-led and technology-driven fintech to accelerate the expansion of Buy Now, Pay Later (BNPL) payment services in Africa. The partnership is expected to unlock new opportunities for consumers and merchants by providing tailored BNPL solutions and enhanced payment capabilities. Shehryar Ali, Country

MasterCard Partners FCMB to Roll out Contactless Tap-on-Phone Payment Service in Nigeria

MasterCard Partners FCMB to Roll out Contactless Tap-on-Phone Payment Service in Nigeria

Mastercard has partnered with First City Monument Bank (FCMB) and Netplus to introduce a contactless payment service called Tap-on-Phone in Nigeria. This innovative technology revolutionises how consumers, merchants, and financial institutions process payments by enabling seamless transactions without needing physical contact with a device at the Point-of-Sale (POS). It enables

Ethiopian EthSwitch Partners With Mastercard to Deepen Digital Payments to Attain a Cash-lite Economy

Digital Payments

Ethiopian EthSwitch Partners With Mastercard to Deepen Digital Payments to Attain a Cash-lite Economy

EthSwitch, Ethiopia’s national payment switch has entered into a Memorandum of Understanding (MoU) with Mastercard to enable financial institutions across the East African nation to accelerate the adoption and usage of digital payments to de-emphasize cash payments across the country. Through this all-important partnership, EthSwitch will leverage Mastercard Send,

DFC and Mastercard Doll out $50M to Deepen Digitization and Financial Inclusion in Africa

DFC and Mastercard Doll out $50M to Deepen Digitization and Financial Inclusion in Africa

Notwithstanding how challenging it has been to deepen digitalization and financial inclusion in Africa over the years, some notable progress has been made. For instance, 2021 was a record year for the African tech startup ecosystem, attracting over $4 billion in investment across 650 deals, a 206% increase over 2020

Mastercard partners with LSETF, aims at driving digital financial inclusion

Mastercard partners with LSETF, aims at driving digital financial inclusion

To address unemployment and embrace skill gathering and entrepreneurship, the Lagos State Employment Trust Fund (LSETF) was set up in 2016 to benefit its residents — having attended to more than 70,000 entrepreneurs to date. Furthering its aim to enable digital financial inclusion, it has partnered with global payments platform,

BitOasis Partners with Mastercard to Roll out Crypto-Linked Cards across MENA

BitOasis Partners with Mastercard to Roll out Crypto-Linked Cards across MENA

BitOasis, a leading cryptocurrency platform in the Middle East and North Africa (MENA), and Mastercard have partnered to launch a series of crypto card programs in the region, facilitating day-to-day cryptocurrency usage at points of sale and across e-commerce platforms. Customers of BitOasis will be able to convert their cryptocurrency

Nclude Receives Investment from Mastercard to Support Egyptian Fintechs Driving Financial Inclusion

Nclude Receives Investment from Mastercard to Support Egyptian Fintechs Driving Financial Inclusion

Nclude, an Egyptian fintech-focused VC firm founded earlier this year in partnership with Egypt’s leading national banks – Banque Misr, National Bank of Egypt, and Banque Du Caire – has received an undisclosed investment from Mastercard to help accelerate Egypt’s evolving fintech ecosystem and support the country’s digital transformation

Mastercard Rolls Out New Crypto Fraud Protection Tool

crypto exchanges

Mastercard Rolls Out New Crypto Fraud Protection Tool

Mastercard, a global payment innovator and technology company, has announced the launch of ‘Crypto Secure,’ a tool designed to assist banks in identifying and blocking fraudulent transactions from crypto exchanges. Crypto Secure’ is powered by CypherTrace, a California-based startup cryptocurrency intelligence and blockchain analytics firm acquired by Mastercard in early

Mastercard Expands Advisors Client Services Hub in Egypt to Support the Region’s Digital Transformation

Advisors Client Services Hub

Mastercard Expands Advisors Client Services Hub in Egypt to Support the Region’s Digital Transformation

Mastercard, a global payments technology company, has announced the expansion of its Advisors Client Services Hub from Egypt to serve regional and global markets. The expert team facilitates innovative financial and payment solutions spanning cutting-edge financial trends such as Buy-Now-Pay-Later (BNPL), open banking, cybersecurity, and data monetization, to establish Egypt

Mastercard Partners Travel Platform, Musafir venture to boost seamless travel bookings across MENA

Mastercard Partners Travel Platform, Musafir venture to boost seamless travel bookings across MENA

The world’s leading card payment company, Mastercard, has announced its partnership with the travel website, Musafir to digitize end-to-end payment flows and launch new innovative payment products with attractive travel benefits to both consumers and corporates in the Middle East and North African region. As the travel industry continues