Merchant
Wednesday, 28/02/2024 | 19:58 GMT
by
Jared Kirui
This collaboration introduces prepaid virtual cards in the region.
It focuses on expanding international remittance services to boost financial inclusion.
Mastercard and MTN Group Fintech have entered into an agreement to bolster mobile payment services across Africa. With a
combined subscriber base of 290 million and 60 million active MTN wallets monthly, this partnership involves 13 countries in Africa. It offers tailored digital solutions for consumers and merchants.
According to the press release, Mastercard and MTN Group Fintech aim
to introduce a prepaid virtual card for MTN’s MoMo customers. In this
agreement, users will have access to over 100 million outlets worldwide. Additionally, MoMo merchants will be enabled to accept
card payments, enriching the platform’s cross-border remittance services and
capabilities.
Strengthening Financial Inclusion in Africa
A significant aspect of the collaboration involves
integrating virtual and physical Mastercard companion cards into every MTN’s
wallet. This will grant users access to a vast network of outlets globally. This initiative aims to allow merchants to expand their services globally, enhance
cybersecurity solutions, and foster customer loyalty and trust in digital
transactions.
Amnah Ajmal, the Executive Vice President of Market Development for EEMEA at Mastercard, mentioned: “Our innovation
strategy is based on collaboration. We are very proud of our partnership with
MTN that will enable digital commerce for millions of people in Africa.”
“In addition, mobile money solutions can be
greatly beneficial for SMEs, enabling growth through seamless commercial
operations, wider payments acceptance, access to affordable credit, and secure
digital tools.”
The partnership extends across 13 African markets,
encompassing Benin, Cameroon, Cote d’Ivoire, Eswatini, Ghana, Liberia, Nigeria,
the Republic of Congo, the Republic of Guinea, Rwanda, South Africa, Uganda,
and Zambia.
Expanding Reach for Remittance Solutions
The collaboration extends beyond domestic
transactions to include international remittance services to cater to the
growing demand for cross-border money transfers in Africa. With mobile money
remittances rising, Mastercard and MTN Group Fintech aim to facilitate secure
and convenient transactions, driving financial inclusion and economic growth
across the continent.
Additionally, the new offering enables SME owners to
establish an online presence, accept various digital payments , and enhance
customer experiences. It has features such as QR enablement and Tap on Phone
solutions.
Mastercard and MTN Group Fintech have entered into an agreement to bolster mobile payment services across Africa. With a
combined subscriber base of 290 million and 60 million active MTN wallets monthly, this partnership involves 13 countries in Africa. It offers tailored digital solutions for consumers and merchants.
According to the press release, Mastercard and MTN Group Fintech aim
to introduce a prepaid virtual card for MTN’s MoMo customers. In this
agreement, users will have access to over 100 million outlets worldwide. Additionally, MoMo merchants will be enabled to accept
card payments, enriching the platform’s cross-border remittance services and
capabilities.
Strengthening Financial Inclusion in Africa
A significant aspect of the collaboration involves
integrating virtual and physical Mastercard companion cards into every MTN’s
wallet. This will grant users access to a vast network of outlets globally. This initiative aims to allow merchants to expand their services globally, enhance
cybersecurity solutions, and foster customer loyalty and trust in digital
transactions.
Amnah Ajmal, the Executive Vice President of Market Development for EEMEA at Mastercard, mentioned: “Our innovation
strategy is based on collaboration. We are very proud of our partnership with
MTN that will enable digital commerce for millions of people in Africa.”
“In addition, mobile money solutions can be
greatly beneficial for SMEs, enabling growth through seamless commercial
operations, wider payments acceptance, access to affordable credit, and secure
digital tools.”
The partnership extends across 13 African markets,
encompassing Benin, Cameroon, Cote d’Ivoire, Eswatini, Ghana, Liberia, Nigeria,
the Republic of Congo, the Republic of Guinea, Rwanda, South Africa, Uganda,
and Zambia.
Expanding Reach for Remittance Solutions
The collaboration extends beyond domestic
transactions to include international remittance services to cater to the
growing demand for cross-border money transfers in Africa. With mobile money
remittances rising, Mastercard and MTN Group Fintech aim to facilitate secure
and convenient transactions, driving financial inclusion and economic growth
across the continent.
Additionally, the new offering enables SME owners to
establish an online presence, accept various digital payments , and enhance
customer experiences. It has features such as QR enablement and Tap on Phone
solutions.
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Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120 exhibitors.
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From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120 exhibitors.
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Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120 exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24 Video Ad [1]
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Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120 exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24 Video Ad [1]
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here’s a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120 exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24 Video Ad [1]
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500 Attendees at FMAS:24 | Africa’s Premium Financial Event
Join 3500 Attendees at FMAS:24 | Africa’s Premium Financial Event
Join 3500 Attendees at FMAS:24 | Africa’s Premium Financial Event
Join 3500 Attendees at FMAS:24 | Africa’s Premium Financial Event
Join 3500 Attendees at FMAS:24 | Africa’s Premium Financial Event
Join 3500 Attendees at FMAS:24 | Africa’s Premium Financial Event
Looking to expand your network in #Africa? Join 3500 attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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📣 Stay updated with the latest in finance and trading!
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📣 Stay updated with the latest in finance and trading!
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Join 3500 Attendees at FMAS:24 – Africa’s Premium Financial Event
Join 3500 Attendees at FMAS:24 – Africa’s Premium Financial Event
Join 3500 Attendees at FMAS:24 – Africa’s Premium Financial Event
Join 3500 Attendees at FMAS:24 – Africa’s Premium Financial Event
Join 3500 Attendees at FMAS:24 – Africa’s Premium Financial Event
Looking to expand your network in #Africa?
Join 3500 attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK
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Looking to expand your network in #Africa?
Join 3500 attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500 attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500 attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500 attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500 attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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▶️ Telegram: https://t.me/financemagnatesnewsDon’t miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
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▶️ Telegram: https://t.me/financemagnatesnewsDon’t miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
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▶️ Telegram: https://t.me/financemagnatesnewsDon’t miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnewsDon’t miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnewsDon’t miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We’re discussing the challenges and shifts caused by MetaQuotes’ pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
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“These modules are nice!!”
“Mastercard and MTN Group Fintech have entered into an agreement to bolster mobile payment services across Africa. With a combined subscriber base of 290 million and 60 million active MTN…”
Source: Read More
Source Link: https://www.financemagnates.com//fintech/mastercard-and-mtn-group-fintech-partner-to-boost-mobile-money-services-in-africa/