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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. “We are equipping fintech companies with market-relevant solutions that enable them to scale effectively. .”
Mastercard announced a strategic collaboration with PayTabs Group to facilitate digital paymentsolutions for small and medium enterprises in Egypt. Karim Eyada, General Manager, PayTabs Egypt, said : “We are excited to collaborate with Mastercard to bring PayTabs white labelled payment orchestration solutions to Egypt.
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.
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 collaboration aims to transform the payment landscape in Senegal, Côte d’Ivoire, and Benin.
In collaboration with Mastercard , Cairo Amman Bank will leverage Mastercard Moves money movement capabilities to transform international money transfers for its customers in Jordan. We aim to address existing challenges in cross-border payments and seize opportunities through innovative solutions. billion in 2022.
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.
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. Digital payments are no longer a nice to have, but rather a necessity.
Premier Bank , a leading Islamic financial institution in Kenya, has announced a collaboration with Mastercard to introduce an innovative suite of Shari’ah-compliant debit, credit, and prepaid cards. We are excited to embark on this transformative journey with Mastercard.
Premier Bank , in collaboration with Mastercard and Tappy Technologies , has launched Tap2Pay, making Premier Bank the first Somali Bank in Africa to launch tokenized-passive payment wearables. We are thrilled to be at the forefront of this digital transformation and look forward to creating lasting impact in the region.”
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 paymentsolutions.
MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital paymentsolutions. ” The post Network International appointed as Payment Processing Partner by MTN Group Fintech appeared first on FF News | Fintech Finance.
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.
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.
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.
MTN Mobile Money (U) Limited, in partnership with Mastercard , Diamond Trust Bank and Network International, has launched the Virtual Card by MoMo, an innovative paymentsolution designed to enable MTN MoMo subscribers to perform secure online transactions without needing a physical card or bank account.
MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital paymentsolutions. ” The post Network International appointed as Payment Processing Partner by MTN Group Fintech appeared first on FF News | Fintech Finance.
Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. Kenya’s payment acceptance market continues to grow, with mobile wallet payments driven by M-PESA showing a 12.7% CAGR between 2020 and 2024. CAGR between 2020 and 2024.
Doha Bank and Mastercard have entered a long-term strategic partnership to maintain the bank’s leadership in customer service and innovative paymentsolutions. 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.
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.
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.
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. Orange Money customers will be able to instantly obtain a virtual or physical debit card, linked directly to their Orange Money wallets.
Jordan Kuwait Bank (JKB) is pleased to announce its strategic collaboration with Mastercard and FOO to introduce eliWallet, a groundbreaking multicurrency payment. ” In collaboration with Mastercard and FOO, eliWallet leverages advanced technology to deliver a secure and seamless payment experience.
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.
Ahead of the Singapore FinTech Festival, Mastercard today introduced Mastercard Pay Local, a global service that makes it easy for consumers to make card payments to merchants using local digital wallets. Businesses that would like to learn more about Mastercard Pay Local should visit the information page and fill out the form.
Mastercard has announced the appointment of Winnie Wong as country manager, Thailand and Myanmar. Winnie brings over 20 years of experience in payments, commercial solutions and banking across Southeast Asian markets including Vietnam, Singapore, and Malaysia.
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.
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 paymentsolutions. These services will be provided through urpay digital wallet.
Kuady has announced its expansion into Latin America, debuting digital wallet services in Ecuador and a virtual prepaid Mastercard in Argentina, adding to its existing operations in Mexico, Peru, Argentina and Chile. New options The virtual prepaid Mastercard expands digital payment options in Argentina.
Mastercard has partnered with Loop, a leading digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative paymentsolutions.
Building on the existing multimarket partnership to accelerate flexible payments adoption in the region, Mastercard and ZOOD , one of the leading digital lending platforms for e-commerce in the Middle East and Central Asia, has introduced a virtual BNPL card – ZOOD Card – in Uzbekistan.
Félix Pago , a Miami-based fintech startup that developed a chat-based platform using blockchain and artificial intelligence to enable Latino workers in the US to send money back to their families in Latin America via WhatsApp, has announced a partnership with Mastercard to fuel its expansion into Central America.
Singapore-based fintech company FOMO Pay has partnered with Mastercard to debut FOMO SoftPOS, a new Tap on Phone paymentsolution. This enables businesses to process contactless card payments directly on their smartphones via the FOMO Pay app, available on the Google Play Store.
These experts covered some of the industry’s hottest trends and most urging issues, including artificial intelligence (AI), quantum computing, digital assets, next-generation transactions, and financialinclusion. On the international front, cross-border payments have presented a different set of challenges.
At the forefront of payment industry, particularly in credit cards, are two giants: Visa and Mastercard. As the world’s leading payment networks , Visa and Mastercard play a pivotal role in shaping the landscape of electronic payments on a global scale. Then comes Mastercard, with 24%.
Mastercard has announced a strategic collaboration with Nomba , a leading paymentsolutions provider, to deliver seamless payment experiences for businesses across the country.
Paymentology , the leading global issuer processor, today announces a continuation of its partnership with Zambian fintech, Union54 , a company dedicated to providing secure messaging and instant payment systems. This partnership comes at a time of rapid growth in Zambia’s digital payments sector.
Jaywan only, for local usage as well as in the Gulf Cooperation Council (GCC) countries and others, and a co-badge card in partnership between Jaywan and international payment schemes to facilitate their use locally and globally.
Mastercard has announced the opening of its first office in Uganda, marking a significant milestone in its expansion across East Africa. This strategic move underscores Mastercard’s dedication to fostering financialinclusion and accelerating digital transformation in the region.
Mastercard has teamed up with payment processing company MDP to boost the payments landscape for banks and non-FIs in the Middle East and Africa region. The post Mastercard Partners with MDP to Innovate PaymentSolutions in the Middle East and Africa appeared first on The Fintech Times.
The shift toward digitised payments brings heightened concerns about cybersecurity, fraud, and regulatory compliance. As Asian markets surge, they face the dual challenge of safeguarding digital infrastructure while ensuring financialinclusion and bridging technological gaps between advanced and developing economies.
The third edition of Mastercards SME Confidence Index reveals that small and medium-sized businesses (SMEs) in Egypt are embracing digital payments and data-driven solutions to support their growth, enhance operational efficiency and financial resilience.
Percent Best Anti-Fraud/AML Solution Credit Union of Colorado ING Turkiye JP Morgan AWM Mastercard Worldpay Best Back-Office/Core Services Solution FINBOA LoanPro Mastercard Cybersecurity Mitek Systems Taktile Zafin Best Banking-as-a-Service Provider B4B Payments Colendi Grasshopper Bank North Bay Credit Union Pathward, N.A.
Mastercard has announced a strategic collaboration with Nomba , a leading paymentsolutions provider, to deliver seamless payment experiences for businesses across the country.
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