Mastercard & MTN Group Fintech Expand Mobile Money in Africa
- Mastercard and MTN Group Fintech have entered a multi-market agreement to provide millions of individuals and small businesses across Africa with digital tools for secure mobile payments.
- Mastercard's advanced technology and capabilities will support MTN's goal of becoming Africa's largest fintech platform for merchants and consumers.
- This collaboration will impact 13 markets in Africa, expanding access to a cashless digital economy and promoting financial inclusion.
The collaboration between Mastercard and MTN Group Fintech in Africa is a significant step towards promoting financial inclusion and advancing the adoption of digital payments. By leveraging Mastercard's advanced technology, this partnership will empower millions of individuals and small businesses, enabling them to participate in the cashless digital economy. The commitment to bring 1 billion people and 50 million SMEs into the global digital economy by 2025 showcases the dedication of both companies towards driving economic growth and prosperity.
