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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 financial inclusion and accelerating digital transformation in the region. With Uganda’s economy projected to grow at 6.2% by 2025, the country is poised for sustained expansion. Mastercard’s […]
...KCB Bank Kenya, in collaboration with Mastercard, has launched Kenya’s only multi-currency prepaid card that supports 11 hard currencies. This innovative solution is designed to simplify international transactions for customers by enabling seamless spending across various destinations. The card supports an extensive range of currencies including the Kenyan Shilling, US Dollar, British Pound Sterling, Euro, […]
...In celebration of its 25th anniversary, NIB International Bank (NIB) has collaborated with Mastercard to introduce the Prepaid Mastercard, a versatile and secure payment solution supporting Ethiopian consumers with seamless local and international transaction capabilities. This milestone underscores the shared commitment of NIB and Mastercard to advancing financial inclusion and driving innovation in Ethiopia. As […]
...Mastercard and Diamond Trust Bank (DTB) have announced a 10-year agreement to offer tailored digital payment solutions across Kenya, Uganda and Tanzania. This collaboration aims to accelerate the digital and banking experience for individuals and businesses in the region. The partnership will focus on delivering innovative, secure, and convenient payment solutions, including bespoke card products […]
...Stanbic Bank Kenya and Mastercard have partnered to introduce two new world class credit cards to the Bank’s affluent clients across the region. Categorized into the Stanbic World card and Stanbic World Elite card, the cards are designed to offer an elevated experience for affluent clients, with special benefits such as airport lounge access, global customer […]
...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. This solution marks a major milestone in the continent’s payment ecosystem, introducing secure, contactless transactions through cutting-edge wearable technology. The Tap2Pay wearables integrate Near Field Communication (NFC) technology into […]
...Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration is set to benefit over 636,000 merchants using M-PESA, Safaricom’s leading mobile money service. Kenya’s payment acceptance market continues to grow, with mobile wallet payments driven by M-PESA showing a 12.7% CAGR between 2020 […]
...Mastercard has partnered with Scale, an issuer orchestration partner, to accelerate market deployment for fintech companies across Africa and the Middle East. The collaboration will alleviate key technical and commercial barriers to entry that fintech companies, aggregators, enablers, payment service providers (PSPs) and telcos face when launching payment programs – enabling them to focus on […]
...Mastercard hosted its inaugural Tanzania Industry Forum in Dar es Salaam, bringing together key stakeholders and thought leaders in the fintech industry to explore the dynamic financial and technology landscape and foster impactful collaborations in Tanzania. The event underscored Mastercard’s commitment to advancing economic growth through innovative digital payment solutions and strategic collaborations in the […]
...In a significant move towards enhancing digital financial inclusion, 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. This strategic collaboration aims to cater to the growing needs of international travellers and diaspora communities by providing secure and convenient means […]
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