Mastercard Invests $200M in MTN Fintech
Tech In Africa | Grace Ashiru - Feb 15, 2024
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AfricaMastercardfinancial inclusionMTN Group Fintechdigital financial services
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  • Mastercard acquires a minority stake worth up to $200 million in MTN Group Fintech.
  • The collaboration aims to expand access to financial services across Africa.
  • The deal is pending regulatory approvals and customary closing conditions.
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The partnership between Mastercard and MTN Group Fintech is a strategic move that demonstrates a strong belief in the potential of the African fintech sector. The investment will not only provide financial support but also drive technological progress and enhance accessibility in digital financial services. However, the finalization of the deal is contingent upon meeting regulatory approvals and customary closing conditions.
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