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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