Mastercard and MTN Group Fintech Partner to Drive Acceleration of Mobile Money Ecosystem in Africa Across 13 Markets
Retrieved on:
Wednesday, February 28, 2024
Banking, Technology, Professional Services, Payments, Small Business, Digital Cash Management, Digital Assets, Telecommunications, Networks, Fintech, Mobile, Wireless, Finance, Congo, EEMEA, Multimedia, Small business, Momo, Growth, Mastercard, SME, GDP, Market development, Republic, QR, Trust, MTN, Mobile Money, Partnership, Cryptocurrency
This follows Mastercard and MTN’s recent agreement for a minority investment into MTN Group Fintech - the digital financial services arm of Africa’s largest mobile network operator – that concluded this month.
Key Points:
- This follows Mastercard and MTN’s recent agreement for a minority investment into MTN Group Fintech - the digital financial services arm of Africa’s largest mobile network operator – that concluded this month.
- We are very proud of our partnership with MTN that will enable digital commerce for millions of people in Africa.
- Through the partnership, consumers will now have expanded reach for mobile money remittance services – both inward and cross-border remittances in Africa.
- The company has pledged to bring 1 billion people and 50 million SMEs into the global digital economy by 2025.