MyBank, Mastercard and Network International launch new debit card to elevate e-commerce in Somalia

SOMALIA – As part of continued efforts to expand access to the digital economy and drive financial inclusion in Somalia, MyBank, Mastercard and Network International have partnered to launch a new Mastercard debit card that seamlessly enables online shopping in Somalia.   The new physical card is a first for MyBank in the country and will enable consumers to transact in-store at various points of sale and at ATMs, while also giving them the ability to make online purchases through e-commerce channels. These services will also benefit underserved sectors in Somalia,…

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Fintech Paymob partners Mastercard to launch payment acceptance service in Egypt

EGYPT – Paymob, Egypt’s pioneer in digital payments, has partnered with Mastercard to launch the Tap-on-Phone digital payment acceptance service in Egypt, the first-of-its-kind in the country. Egypt has a tech-savvy population, and a smartphone penetration of more than 90%. Tap-on-Phone is a simple, convenient, and cost-effective digital payment technology that meets the needs of small merchants. The solution transforms smartphones and tablets into safe payment acceptance devices for contactless cards, mobile wallets – with no additional equipment or setup-related costs. Businesses can simply download the mobile app and offer…

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Mastercard and Banque Misr’s MDI partner for seamless banking experience in Egypt

EGYPT – In a bid to drive the evolution of financial services in Egypt, Misr Digital Innovation (MDI), Banque Misr’s digital banking arm, has signed a seven-year strategic partnership with global technology leader Mastercard, to provide Egyptians with an easy, smooth, and secure banking experience. MDI was established in 2020 to launch the first digital bank in Egypt in line with the Central Bank of Egypt (CBE) rules and regulations, MDI will launch a variety of banking solutions that aim to provide access to the digital economy and drive financial…

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Gabriel Swanepoel named as the new Country Manager for Mastercard South Africa

SOUTH AFRICA – Mastercard has appointed Gabriel Swanepoel as the new Country Manager for Mastercard in South Africa, serving as a promotion from his current role as the Vice President of Business Integration for Mastercard, Southern Africa. As country manager, Swanepoel is responsible for further driving the company’s strategic vision, innovation and growth agenda and building on its successful purpose-driven culture in South Africa. Swanepoel’s ‘digital-first business acumen and two-decades-long career in the South Africa payments industry will further support Mastercard accelerate the uptake of digital payments and strengthen its…

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Fintech company Digital PayGo partners Mastercard to launch mobile payment solutions for SMEs

ZAMBIA – Digital PayGo, a Zambian-based fintech company, has partnered with Mastercard to launch a new merchant mobile payments solution for SMEs in the country. Known as “SME-in-a-Box”, the solution will enable the SMEs to safely make and receive digital payments through various online channels. It will support the enablement of digital payments for merchants and their customers, by providing them with a convenient, easy-to-use, and safe way to perform cashless transactions from their mobile devices. Backed by Mastercard’s payment technology, SME-in-a-Box enables digital transactions through the use of a…

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Mastercard launches new Sustainability Innovation Lab to empower businesses and consumers

GLOBAL – Mastercard, an American multinational financial services corporation, has announced the launch of its new Sustainability Innovation Lab, which will spearhead the further development of the company’s portfolio of environmentally conscious digital products and solutions. The Lab will focus on ways to empower businesses and consumers to transform how they produce, distribute and purchase products and services, ensuring both people and the planet can thrive as the global economy rapidly digitizes.  In support of the EU Green Deal, Mastercard selected Stockholm, Sweden as the home of the global Lab…

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Mastercard and Paycode partner to improve access to financial services in rural areas across Africa

AFRICA – Mastercard has partnered with Africa’s global startup engagement program Start Path and startup Paycode to deliver their offerings into a single biometric smart card aimed at increasing access to critical services while advancing economic inclusion among Africans living in remote communities. Mastercard’s Community Pass platform will feature in Paycode’s Electronic Data and Payments Technology platform (EDAPT) that provides secure biometric identity including a digital bank account. Individuals will have access to both offline and real-time digital finance services regardless of whether they lack a formal identity document such as a passport or…

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Fintech startup Kwara selected for Mastercard Start Path program

KENYA – Fintech startup Kwara is among the 11 start-ups that have been selected to join the Mastercard Start Path program. The program is a springboard to help the best and brightest fintech start-ups maximize their opportunity for success.  During the six-month program, the start-ups will learn from Mastercard experts and explore co-innovation opportunities.  “We are honored to join forces with Mastercard and work on our shared vision to create financial inclusion for 1 billion people. We have seen how companies such as Flutterwave and Revolut have expanded their services…

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Mastercard and TNM Mpamba launch virtual payment solution in Malawi

MALAWI – Mobile money service provider TNM Mpamba has launched a Mastercard virtual payment solution that will enable TNM Mpamba mobile money wallet customers to make safe and seamless local and international e-commerce transactions, the country’s first. This is expected to enhance financial inclusion and improve access to the digital economy. Through a Mastercard virtual (non-plastic) payment solution linked to the TNM Mpamba mobile money wallet, customers will be able to make payments to local and global online brands and merchants, expanding their reach to an international marketplace. That means…

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Mastercard to expand its Priceless platform in Egyptian market

EGYPT – Mastercard, a financial services corporation, has announced the expansion of its globally-renowned Priceless platform in the Egyptian market to bring people in Egypt closer to their passions. Priceless is a platform that connects people across the world with their passions, including sports and music, and offers consumers a wide range of unique and exclusive experiences, some tied to Mastercard’s celebrated roster of event sponsorships and ambassadors. As part of the rollout, Amir Eid, lead singer of Cairokee, and Mayar Sherif, the highest ranked Egyptian woman in tennis history,…

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