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June 29, 2022

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Mastercard signs cooperation agreement with MTN to expand in Africa

Mastercard and MTN FinTech Group have signed a partnership agreement covering a number of markets to start a new era of cooperation aimed at connecting millions of people and small businesses across the African continent with advanced digital tools and solutions to make secure payments using mobile phone, and take advantage of the wide benefits …

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Mastercard ventures into African fintech with $5.2bn

Mastercard has acquired a minority stake in MTN Group’s African fintech subsidiary, valued at $5.2 billion. MTN strategically leveraged Mastercard’s technology for payments and remittance expansion in Africa. MTN shares surged by 10% post-announcement, reflecting the significant collaboration in the booming African fintech sector. Mastercard Inc. is making waves in African fintech by acquiring a …

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