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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.
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.
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. By bolstering resilience to climate and economic shocks, we are putting more people, communities and entrepreneurs on the path to financialinclusion and prosperity.”
” PalmPay wins recognition for financialinclusion Lagos, Nigeria-based fintech platform PalmPay was recognized as the “Most Outstanding Fintech Driving FinancialInclusion” at the 2024 BrandCom Awards held late last month.
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.
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.
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 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%
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.
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.
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.
CredibleX is integrating Mastercards Small Business Credit Analytics (SBCA) API into its embedded financing platform to enhance SME credit access in the UAE and EMEA region. Working capital financing platform CredibleX announced this week that it has partnered with 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.
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.
Businesses and consumers paying into and out of the Middle East and North Africa (MENA) region will benefit from faster, cheaper and more transparent cross-border payments through a public-private collaboration between Mastercard and the Arab Regional Payment System, Buna.
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.
I hope that today’s call to action acts as a pivotal moment in driving financialinclusion across the sector. Simon Forbes, President of Mastercard UK&I: “It takes real effort and collaboration between Government, businesses and financial institutions to ensure we safeguard individuals from fraud and financial exploitation.
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.
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.”
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.
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. By eliminating the need to expose cardholder information, the wearables ensure that payments are both safe and seamless.
Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). Mastercard’s testing platform allows banks to simulate the issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers. In a Wednesday (Sept.
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.
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. And that, Singh notes, is really the point— instead of building a solution, Mastercard is building lots of them. The second?
a fintech empowering consumers with innovative services for flexible money access, has announced a partnership with Mastercard to continue scaling payments and disbursements services in the public sector. It is an honor to partner with Mastercard, and continue driving innovation throughout the public sector,” said Stewart A.
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.
Zazu Limited, a Zambian fintech, has partnered with Mastercard to launch a mobile wallet that supports a prepaid account instantly issued from the app to any local consumer — with or without a bank account.
.” 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.
As part of its financialinclusion campaign, Mastercard has partnered with Moneytrans to launch remittance-linked checking for migrant workers with a goal of obtaining 1 million users by 2025.
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.
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.
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.
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.
Payment giant Mastercard has announced a new partnership with Ant Group’s digital open platform Alipa y to expand its cross-border payment services to facilitate quicker and more secure money transfers to China. Mastercard’s initiative is expected to be a boon for consumers seeking reliable ways to conduct global transactions.
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.
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.
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.
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.
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.
The goal of VamosPay is to provide the Latino community with a comprehensive suite of financial offerings that go beyond basic payment mechanisms, leveraging Mastercard ‘s network, technology and infrastructure offerings. Mastercard Accelerate. It’s an expensive and limiting place to be.”.
Businesses and consumers paying into and out of the Middle East and North Africa (MENA) region will benefit from faster, cheaper and more transparent cross-border payments through a first-of-its-kind public-private collaboration between Mastercard and the Arab Regional Payment System, Buna.
Cooperative Bank of Oromia and Mastercard have unveiled a groundbreaking collaboration with the launch of the Coopbank Prepaid Mastercard and the introduction of the Community Pass technology in Ethiopia. Transactions will be effortless through a dedicated mobile application, providing efficient card management capabilities.
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