MasterCard
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BUSINESS
Mastercard and mTek Launch Embedded Insurance Solutions Across East Africa
Mastercard has entered the embedded insurance space in East Africa through a strategic partnership with Insurtech company Hillcroft (mTek). The…
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News
AI in Africa to top $16.5B by 2030, Mastercard
Africa’s artificial intelligence (AI) market is projected to grow from USD 4.5 billion in 2025 to USD 16.5 billion by…
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News
Kenya’s GDP Projected to Grow by 4.7%, Driven by Digitization – Mastercard
Kenya’s GDP in 2025 is projected to grow by 4.7% year over year, outpacing the global average which is forecast…
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BUSINESS
Premier Bank, Mastercard Unveil Shari’ah-Compliant Suite
Premier Bank, an Islamic financial institution in Kenya, has announced a collaboration with Mastercard to introduce an innovative suite of…
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News
KaiOS smart-feature phones to intergrate Mastercard’s payment technology
KaiOS Technologies, a leading operating system that brings internet to affordable devices has announced a collaboration with Mastercard to integrate a…
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News
Mastercard taps Amazon Payment Services to facilitate digital payment acceptance across Africa
Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and…
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News
Safaricom, Mastercard partner to boost remittances, payments for Kenyan Merchants
Safaricom and Mastercard have signed a partnership with an aim to accelerate the adoption of payment acceptance and cross-border remittance…
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News
I&M Bank and Mastercard launch Business Credit Card proposition
I&M Bank has partnered with Mastercard to launch the new Business Credit Card proposition, a comprehensive financial tool designed to…
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News
Mastercard, AfDB join forces to accelerate digital transformation in Africa
Mastercard and the African Development Bank Group (AfDB) have launched a new alliance to extend digital access to critical services…
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BUSINESS
Mastercard, I&M Bank extend card collaboration
Mastercard and I&M Bank have extended their strategic collaboration with an 8-year strategic alliance. Under this alliance, I&M bank clients…
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BUSINESS
Equity Bank and Mastercard sign remittance deal
Digital payments firm Mastercard has entered into a partnership with Equity Bank to enable the bank’s customers to send money…
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BUSINESS
MasterCard teams up with SAVA to serve African SMMEs
Mastercard and Johannesburg-based fintech company SAVA have announced a partnership to support small, medium, and micro enterprises (SMMEs) with innovative…
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News
Mastercard and Glovo launch school feeding program in Kenya and Nigeria
Mastercard has partnered with Glovo to address hunger and foster education in underserved communities. Together, they are set to provide over 300,000 meals for school…
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News
Mastercard acquires minority stake in MTN’s fintech business for $200 million
Global payment-technology corporation Mastercard has completed the acquisition of a minority stake in MTN Group’s fintech business. The acquisition comes…
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News
Airtel Africa and Mastercard launch new cross-border remittance transfer service
Airtel Africa and Mastercard announced the launch of a new cross-border remittance service that will enable Airtel subscribers across 14…
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BUSINESS
Mastercard, Lipa Later join forces to expand Buy Now, Pay Later solutions In Africa
Mastercard has announced a strategic partnership with Kenyan Buy Now, Pay Later (BNPL) company Lipa Later to accelerate the expansion of BNPL payment services…
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BUSINESS
Somalia’s SomBank to roll out Mastercard debit cards
Mastercard today announced a partnership with Somalia’s SomBank to launch debit cards as the company seeks to promote the adoption…
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News
Mastercard and PayU launch roll out Click to Pay payments in South Africa
Mastercard, in partnership with PayU, have announced the launch of Click to Pay in South Africa. Click to Pay is…
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News
[Tanzania] I&M Bank and Mastercard launch a suite of Debit and Multicurrency Prepaid Cards
I&M Bank Tanzania has partnered with Mastercard to launch a suite of Debit and Multicurrency Prepaid Cards. These cards will…
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BUSINESS
Winners of the Mastercard Women SME Leaders Awards 2023 Announced
Mastercard has announced the winners of its second edition of the Women SME Leaders Awards. The award celebrates the achievements…
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News
Kenya rolls out a QR code standard for facilitating digital payments
The Central Bank of Kenya (CBK) on Wednesday unveiled the Kenya Quick Response (QR) Code Standard 2023. The QR code…
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News
DTB, Mastercard to offer payments cards to fintechs in Kenya
Diamond Trust Bank (DTB) is partnering with Mastercard to provide payments cards to tech companies including fintechs in Kenya. The…
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News
Tech training company ALX and Mastercard announce fully funded training for African youths
ALX, a leading global provider of training in the tech industry has announced a partnership with Mastercard, that will see…
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News
Nigeria launches payments card program to take on Visa and Mastercard
The Central Bank of Nigeria (CBN) has launched a national domestic payments card program called AfriGo, meant to help the…
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News
$200 million fund launched to support African SMEs
The Mastercard Foundation Africa Growth Fund (MFAGF) has launched a $200 million funding initiative for small and medium-sized enterprises in…
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News
Kenya, Nigeria and SA lead fintech growth in Africa, Mastercard report
A report by payment services company Mastercard has revealed that South Africa, Nigeria and Kenya are among the most vibrant…
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News
Mastercard and Cellulant announce digital commerce payments partnership
Mastercard and Cellulant have partnered to allow Cellulant customers across Africa to shop and pay online with global merchants wherever…
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BUSINESS
Mastercard Expands its Jaza Duka Micro-Credit Program with Kasha
Mastercard today announced that Kasha, the purpose-driven digital retail and distribution platform has joined Jaza Duka, Mastercard’s micro-credit digital lending platform…
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News
46% of SMEs in EEMEA earning more money than before the pandemic, Mastercard report
Data from Mastercard’s 2022 Borderless Payments Report has revealed two in five (46%) small and medium-sized businesses (SMEs) in Eastern…
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News
OPay and Mastercard partner to expand regional reach
OPay, a Nigerian fintech regarded as one of Africa’s most valuable fintech startups has entered into a strategic partnership with…
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News
Mastercard and PesaLink sign MoU to drive payments sector digital transformation in Kenya
Integrated Payment Services Limited (IPSL) which runs the PesaLink payments ecosystem has signed a Memorandum of Understanding (MoU) with Mastercard…
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News
I&M Bank and Mastercard roll out new credit and debit cards for corporate C-Suite professionals
I&M Bank Limited and Mastercard have rolled out several new world-class debit and credit cards targeted at corporate C-Suite professionals…
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BUSINESS
Mastercard opens nominations for its Women SME Leaders Awards 2022
Mastercard has announced the inaugural Women SME Leaders Awards 2022, to recognize and further empower women-owned and run SMEs in the…
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News
Middle East and Africa is a fertile ground for the growth of super-apps, report
From ride-hailing services to grocery delivery, and financial services such as buy-now-pay-later to microfinancing, super-apps development in the Middle East…
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BUSINESS
Mastercard and Meta join forces to support digitization of SMEs in MEA
Mastercard is collaborating with Meta to support the digitization and growth of SMEs across the MEA region. The two plan…
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News
Mastercard names Gabriel Swanepoel new Country Manager for South Africa
Mastercard has appointed Gabriel Swanepoel as the new Country Manager for Mastercard in South Africa. Gabriel previously served as the Vice…
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BUSINESS
Social media main enabler for growth among women-owned businesses, Mastercard report
95% of women SMEs in the region identify social media channels as the top tool to drive their business ventures.…
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BUSINESS
Mastercard and Zambian fintech firm Digital PayGo launch merchant mobile payments solution for SMEs
Mastercard has partnered with Zambian-based fintech company, Digital PayGo, to launch a new merchant mobile payments solution for SMEs in…
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News
Mastercard Launches a Global Small Business Initiative to Accelerate Economic Recovery
Mastercard – through the Center for Inclusive Growth – on Thursday launched Strive, a global initiative focused on strengthening the…
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News
78% of SMEs in region’s retail sector are optimistic about the next 12 months, Mastercard
Although different sectors were exposed to and impacted in diverging ways to the extensive changes of the COVID-19 pandemic, SMEs…
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BUSINESS
Barclaycard Payments signs up to Mastercard Track Business Payment Service to modernise business payments
Barclaycard Payments has joined the Mastercard Track Business Payment Service, making new services available to Barclaycard Payments’ customers later this…
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News
Mastercard creates simplified payments card offering for cryptocurrency companies
Mastercard has announced it will enhance its card program for cryptocurrency wallets and exchanges, making it simpler for partners to…
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News
Mastercard Empowers Consumers To Choose A Sustainable Future With Eco-Friendly Cards
According to a recent Mastercard study, 58% of consumers are more mindful of their impact on the environment, with 85% willing…
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News
Telkom launches virtual card for WhatsApp payments in South Africa
Telkom has launched Africa’s first Mastercard virtual card for use on WhatsApp, enabling Telkom Pay customers in South Africa to…
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News
Mastercard appoints Victor Ndlovu Director, Business Development Lead, East Africa
Mastercard has today announced the appointment of Victor Ndlovu as Director, Country Business Development Lead for East Africa. Victor is…
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News
Mastercard and Cassava Fintech to collaborate on fintech solutions for Covid-19 response in Africa
Cassava Fintech International (Cassava Fintech) and Mastercard have entered into a strategic partnership to advance digital inclusion across Africa. The…
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WomenInTech
Mastercard announces new investment in Rwandan female-focused eCommerce platform Kasha
Mastercard has today announced a new investment in Rwandan female-focused eCommerce platform Kasha. The companies say they will continue their…
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New Appointments
Mastercard Appoints Shehryar To Ali Lead Sub-Saharan Team in East Africa
Mastercard has today announced the appointment of Shehryar Ali as Country Manager for East Africa. Shehryar will be based at…
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BUSINESS
Mastercard to buy digital ID verification firm for $850 million
Mastercard Inc will purchase a Seattle-headquartered digital identity verification company Ekata, in a deal valued at $850 million. The global…
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Blockchain
MasterCard to Start Enabling Customers Transact with Select Cryptos Through its Network
Mastercard is the latest corporation to join the cryptos bandwagon following previous public interests in digital assets. The digital payments…
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BUSINESS
Mastercard, Unilever and KCB Bank to provide a $150k recovery package to Kenyan MSMEs
To extend support towards COVID-19 economic recovery, Mastercard, Unilever and KCB Bank have pooled resources to provide Micro, small and…
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CYBER SECURITY
Mastercard Announces Cyber Secure, an AI-Powered Solution To Protect The Digital Ecosystem
Mastercard has launched a new AI-powered suite of tools to help banks assess cyber risk across their ecosystem and prevent…
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WomenInTech
Mastercard’s Girls4Tech STEM Program Reaches 1 Million Girls in 30 Countries
Mastercard’s signature STEM program, Girls4Tech, reached its initial milestone goal of educating one million girls, the company has announced. The…
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News
Mastercard study highlights the digital divide that needs to be addressed to power gig economy growth in East Africa
Mastercard has released a white paper revealing how gig work across East Africa is helping to drive economic growth by…
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News
Mastercard Launches New program to Empower Fintech Startups in Africa
Mastercard has launched Fintech Express, a program to provide tailor-made solutions that boost market entry and expansion for fintech startups…
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Startups
South African fintech startup Ukheshe launches prepaid payments programme with Mastercard and Nedbank
South African fintech startup Ukheshe has launched its Third-Party Processing Services (TPP) in partnership with Mastercard and Nedbank. This latest…
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News
Samsung has partnered with SoFi to launch its first Samsung Pay debit card
Samsung has today announced plans to launch a no-fee Samsung Money cash management service and debit card for its smartphone…
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BUSINESS
Mastercard Commits To Add 1bn people, 50m small units to digital economy BY 2025
Building on the Covid-19 response, Mastercard is also announcing its new worldwide commitment to financial inclusion. The company is pledging to…
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BUSINESS
Purchasing essential products on Jumia with your Mastercard will earn you a 10% discount
Consumers who purchase essential products using their Mastercard on the Jumia platform will receive up to a 10% discount on…
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Startups
South Africa’s fintech startup Ukheshe selected for Mastercard Start Path program
South African fintech startup Ukheshe, has been selected to join the 2020 Mastercard Start Path program. Mastercard Start Path is…
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News
DPO Group and Mastercard launch DPO Store, an e-commerce platform for African businesses
Digital payments company, DPO Group, has launched an e-commerce platform to help merchants across Africa to move their businesses online.…
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BUSINESS
DTB, Mastercard and DPO Group extend digital payments in Kenya and Tanzania
Diamond Trust Bank (DTB) has joined African payment services provider DPO Group, and Mastercard in the rollout of a business…
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Blockchain
Libra Season About to End? Visa, Mastercard, Stripe and Mercado Pago Call it Quits
Barely a week after PayPal exited the Libra Association; other U.S payment companies have followed suit. As on Friday 11th,…
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News
Facebook cryptocurrency backed by Visa, MasterCard, Uber, and PayPal
Facebook has been working on its cryptocurrency for some time now. Unlike the regular cryptocurrencies, the company’s crypto coin will…
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News
Mastercard’s Girls4Tech program wants to reach 1M girls globally by 2025
Mastercard launched Girls4Tech program in 2017 committing to bring STEM education opportunities to girls (ages 8-12) in 25 countries. Today,…
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News
The Mastercard Engage programme is launching in Kenya targeting fintechs
The Mastercard Engage programme is expanding in sub-Saharan Africa targeting fintechs in Kenya and Nigeria. Mastercard says the first Engage…
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News
Jumia welcomes Mastercard as its new shareholder
A few weeks Jumia filed for an IPO on the New York Stock Exchange, the company has welcomed a new…
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News
Mastercard and Angaza partner to roll out digital payment solution in emerging markets
Mastercard entered into a new partnership with last-mile distribution technology leader Angaza to roll out a digital payment solution for…
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News
The Mastercard Love Index shows rising e-commerce spending in Kenya
The annual Mastercard Love Index indicates that Kenyans are willing to dig deeper into their pockets to make their partners…
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News
Mastercard, DPO Group partner to boost Pan-African merchant payments
Mastercard and Africa’s leading payment service provider, DPO Group have entered into a new partnership to enable more than 40,000…
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BUSINESS
Mastercard unveils Mastercard Track, a global trade platform for businesses
Mastercard has partnered with Microsoft to introduce Mastercard Track, a global trade platform that will simplify and enhance how companies around the world do…
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New Appointments
Salah Goss appointed Mastercard’s Labs for Financial Inclusion lead in Kenya
Mastercard has today announced the appointment of Salah Goss as Head of the Mastercard Labs for Financial Inclusion to be…
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New Appointments
Mastercard appoints Raghav Prasad as new Sub-Saharan Africa Division President
Spurred on by the company’s steady growth in Sub-Saharan Africa and in line with its focus on investing in the…
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News
Mastercard partners with Selcom to Expand its Masterpass QR mobile payment solution in Tanzania
Mastercard has today announced a new partnership with Tanzanian fintech Selcom to expand its mobile payments solution, Masterpass QR, in…
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News
Mastercard and M-KOPA Solar Partner to Light Up Homes and Businesses in Africa
Mastercard has announced a new partnership Kenyan pay-as-you-go solar provider M-KOPA to light up homes and businesses in Africa. Under…
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News
Mastercard launches #Girls4Tech programme to Drive Interest in STEM among Girls in Kenya
Mastercard has launched a new programme aimed at driving interest in Science, Technology, Engineering and Maths (STEM) among girls in…
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News
Mastercard invests in building a cashless Ghana
In a bid to become an African economic powerhouse, Ghana has announced a new partnership with Mastercard to smartly integrate…
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COLUMNS
How to Build More Connected and Inclusive Cities
By Carlos Menendez, When thinking about the cities of the future, I know that they will be more connected, and I…
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BUSINESS
DTB and Mastercard unveil a new Digital Payments solution in Kenya
Diamond Trust Bank Kenya (DTB) and Mastercard have partnered to roll out a mobile payment solution that will enable millions…
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BUSINESS
Uganda Bankers Association and Mastercard partner to Strengthen the country’s Financial Services Sector
Mastercard has signed a strategic partnership agreement with the Uganda Banker’s Association (UBA) to develop a framework that will strengthen…
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News
Ecobank Group and Mastercard recognised at African Banker Awards
Ecobank Group and Mastercard were recognized at the African Banker Awards held on Tuesday night. The two were awarded…
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News
Mastercard 2KUZE platform to Digitize East Africa’s Agricultural Sector
Mastercard has launched a digital platform aimed at connecting smallholder farmers, agents, buyers and banks in the East African region.…
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News
MasterCard commits up to $1 million to advance financial inclusion in Rwanda
The MasterCard Center for Inclusive Growth has announced that it has committed $1 million to advance economic growth and financial…
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BUSINESS
Now, Mastercard wants you to authenticate payments through ‘Credit Card Selfies’
MasterCard is experimenting with a smartphone app which allows people to confirm their identity and authenticate online transactions via a…
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BUSINESS
HomeSend Wins ”Best Payment Product” in Africa Award
HomeSend, has received the 2015 “Best Payment Product in Africa” award at the Asian Banker Middle East and Africa Awards.…
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