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Payments giant Mastercard is expanding its collaboration with Paymentology , the global issuer processor, to facilitate card issuance for fintech companies in South Africa. This agreement solidifies both our companies commitment to advancing financialinclusion in South Africa.
The Saint James Municipal Corporation and Mastercard have announced the signing of a Memorandum of Understanding (MOU) designed to foster digitalization as a catalyst for financialinclusion in the municipality. MSMEs constitute the spinal structure of our local economy. His Worship, Mayor Richard Vernon.
The Asian Development Bank (ADB) and the Mastercard Impact Fund have forged a new partnership to tackle the pressing financing challenges faced by MSMEs in Asia and the Pacific. Bhargav Dasgupta “MSMEs are the backbone of economies across Asia and the Pacific, yet many struggle to obtain adequate finance.
Mastercard has once again collaborated with foodpanda, a Delivery Hero-owned online food and grocery delivery platform, to boost digital payment in Pakistan and support the nations transition toward a cashless economy. According to data from the State Bank of Pakistan, currency in circulation (CIC) in the country increased by 11.2%
Payments giant Mastercard is joining forces with Ethio Telecom , a telecommunications service provider in Ethiopia, in a move to enhance financialinclusion and wealth creation in East Africa. Mastercard processes payment volumes exceeding $6.5trillion annually with over three billion cards in circulation.
In collaboration with Mastercard , Cairo Amman Bank will leverage Mastercard Moves money movement capabilities to transform international money transfers for its customers in Jordan. Mastercard focuses on building robust payment ecosystems and advancing the digital economy across the Middle East. billion in 2022.
New Africa Technology (NAT) , a fintech company based in Senegal, joins forces with Mastercard to introduce a virtual and physical prepaid card for individuals through NAT’s existing digital wallet solution, ‘’Flash’’. This alliance highlights our dedication to advancing financialinclusion and economic development in the region.
Tucked between the giant economies of China and India, the Kingdom of Bhutan has traditionally kept itself isolated, relying heavily on rural agriculture and local industries. Yet, as the country opens its doors to the world with a commitment to sustainability, it is also embracing digital innovation to reshape its financial sector.
Mastercard announced a strategic collaboration with PayTabs Group to facilitate digital payment solutions for small and medium enterprises in Egypt. Through this collaboration, PayTabs will leverage Mastercard’s global network and digital payments capabilities to provide merchants with a while-labelled digital payments platform.
Mastercard has expanded its operations in West Africa with the opening of its first office in Accra, Ghana. This strategic milestone underscores Mastercards commitment to supporting the country’s growing digital economy by providing innovative financial products and services tailored to the market.
Mastercard has signed a multi-year strategic agreement with Mashreq to support its launch as a digital bank in Pakistan. Announced at a signing ceremony held at Mashreq HQ in Dubai, UAE welcoming leadership from Mashreq and Mastercard, the collaboration is to be on card portfolios across the consumer, affluent, and business market segments.
Paysend and Mastercard have partnered to launch Paysend Libre in Mexico in a move to drive financialinclusion in a region where the majority of the population is still underbanked or unbanked. The recipient can directly access the funds received on the virtual Paysend Mastercard and securely spend the funds in real time.
Over three million migrant workers living in Malaysia will now be able to remit funds to their home countries in local currencies in near real-time, following a new partnership between Instapay Technologies , the digital payment platform, and payment juggernaut, Mastercard.
Miami-based fintech startup enabling Latino workers in the US to send money back to their families in Latin America via WhatsApp , Félix Pago is expanding its services to El Salvador, Honduras, Guatemala, and the Dominican Republic following a new partnership with payments giant, Mastercard. The user doesn’t care.
Africas digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digital payments economy is expected to reach $1.5 trillion by 2030.
The UAE is committed to fostering an enabling environment for entrepreneurs and small businesses, and according to the latest Mastercard ‘SME Confidence Index’, it is succeeding, with 91 per cent of firms showing optimism about their business outlooks. Khalil, division president, East Arabia at Mastercard J.K. ” J.K.
Payments giant Mastercard has been busy forging three new partnerships in the UAE, with Al Etihad Payments , the payments infrastructure provider and subsidiary of the Central Bank of the UAE ; LikeCard , an e-commerce prepaid card platform; and credit-as-a-service platform CredibleX.
Mastercard, in collaboration with Money Fellows and Banque Misr, has launched a prepaid card in Egypt, aimed at enhancing financialinclusion and accessibility. per cent of Egyptians who are formally included in the financial system, offering features like online purchases, ATM transactions and exclusive discounts.
NOW Money , one of the leading inclusive digital payroll and banking platform for migrant workers, today announced its new strategic partnership with Mastercard , a global technology company in the payments industry. Customers can handle payments, transfers, and other financial operations directly from their mobile phones.
I hope that today’s call to action acts as a pivotal moment in driving financialinclusion across the sector. Sara Davies said: “By empowering the financially vulnerable with the tools and support they need, we can reduce social isolation, improve mental health problems, and foster a more inclusiveeconomy.
MTN Mobile Money (U) Limited, in partnership with Mastercard , Diamond Trust Bank and Network International, has launched the Virtual Card by MoMo, an innovative payment solution designed to enable MTN MoMo subscribers to perform secure online transactions without needing a physical card or bank account.
Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). The testing tool comes as the global economy embraces digital payments and central banks investigate how to support innovation while maintaining financial stability as they issue the currency. In a Wednesday (Sept.
In a significant move towards enhancing digital financialinclusion, Salaam Somali Bank , in collaboration with Mastercard , has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. Together, we are not just adapting to the future; we are defining it.”
.” Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financialinclusion across Africa and beyond.
Mastercard hosted the second annual Mastercard Ghana Fintech Forum in Accra, bringing together key stakeholders and thought leaders in the fintech industry to discuss critical developments and foster collaboration. added Folasade Femi-Lawal, Country Manager and Area Business Head for West Africa at Mastercard.
UPI has made formal financial services accessible to millions and has had a clear impact on Indias digital economy. This positions it to compete effectively with global players like MasterCard and Visa. Despite these hurdles, the platform continues to grow, largely due to its strong security measures and low costs for users.
There are only a few things that most people can agree on these days, notes Mastercard. One of them is that too many people in the world are denied access to banking and financial services of any kind. The second? Spoiler alert? Spoiler alert? They’re high. The High Cost of Cash.
.” Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financialinclusion across Africa and beyond.
Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. We are proud to partner with Safaricom to build an inclusive digital economy that works for everyone, everywhere. CAGR between 2020 and 2024.
Kuady , a leading payments service processor, has announced significant strides in its Latin American expansion, with the introduction of its digital wallet services in Ecuador and the launch of its virtual prepaid Mastercard in Argentina. The virtual prepaid Mastercard expands digital payment options in Argentina.
The exciting new partnership will focus on launching a financial solution specifically tailored for women across the European Union. Unlimit’s flexible and scalable BaaS solution will serve as the backbone of Klara AI’s financial infrastructure. Trillion Female Economy Market appeared first on FF News | Fintech Finance.
A leading multinational bank, Access Bank Group , has today launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy.
eNovate , formerly eCards, a subsidiary of eFinance Investment Group, has joined forces with Mastercard to bring Card-as-a-Service (CaaS) solution to the Egyptian market. The CaaS model will provide banks, non-financial institutions, universities and fintechs with a comprehensive suite of digital payments services.
Mastercard has announced the appointment of Winnie Wong as country manager, Thailand and Myanmar. Since joining Mastercard in 2013, she has partnered with governments and corporations to spearhead the adoption of B2B platforms, enhancing the efficiency and transparency of cross-border trade in Asia Pacific. At the same time, 99.5%
Mastercard has teamed with portable-benefits platform Stride to make it easier for gig workers to buy healthcare coverage. Jess Turner, Mastercard’s executive vice president for North America Products and Innovation, tells PYMNTS the venture is just one part of the firm’s push to help gig workers get benefits. The tie-up will give U.S.
Instant and secure payments can act as a multiplier to help businesses and economies thrive and grow. To further Mastercard’s vision of bringing immediacy to card payments, the company today announced that South Africa will be the first market in the world to benefit from the security and speed of immediate Mastercard card payments.
As part of its mission to connect and power an inclusive digital economy, Mastercard has signed a strategic agreement with urpay to offer urpay consumers across the Kingdom greater access to an advanced selection of cross-border payment solutions. The portfolio includes Mastercard Cross-Border Services and Mastercard Send.
Orange Middle East and Africa (OMEA) ( www.Orange.com ) and Mastercard have announced a strategic partnership to expand access to mobile financial services across Sub-Saharan Africa. This collaboration is a testament to our vision to building an inclusive digital ecosystem that leaves no one behind.”
Doha Bank and Mastercard have entered a long-term strategic partnership to maintain the bank’s leadership in customer service and innovative payment solutions. The landmark collaboration is one of the largest deals of its kind in Qatar, reaffirming the bank’s status as a key player in the country’s financial sector.
Mastercard has signed a memorandum of understanding (MoU) with The BENEFIT Company (BENEFIT), leading fintech company in Bahrain, and the national electronic payment infrastructure operator, to explore opportunities for collaboration in driving innovation and financialinclusion in the country’s dynamic payments ecosystem.
Hibret Bank , in collaboration with Mastercard , has announced the launch of the Prepaid Hibir Mastercard services, marking a significant milestone in the journey towards financial digitization in Ethiopia.
Payment trends in Asia are changing how businesses and people transact from the digital-first economies of China and Singapore to the quickly changing markets of Indonesia and Vietnam. This article explores five key trends changing how we pay today while pushing the narrative for a more efficient, powerful financial ecosystem in Asia.
Mastercard announced the launch of world class technology infrastructure in Saudi Arabia that will enable the processing of ecommerce transactions locally, providing a seamless and secure payments experience for both Mastercard partners and consumers, supporting the acceleration of the Kingdom’s digital commerce.
From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financialinclusion and cross-border transactions, while setting new global standards for innovation. Each plays a key role in transforming how Indonesians save, spend, invest, and access financial services.
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