Mastercards for MTN’s mobile money platform users
Mastercard and MTN Group Fintech have inked a landmark deal aimed at equipping all MTN MoMo customers with payment cards, as announced in a joint statement on Thursday. This collaboration will usher in both virtual and physical Mastercard companion cards for every MoMo wallet, granting users access to a vast network of over 100 million acceptance locations worldwide. The strategic partnership leverages Mastercard's state-of-the-art technology and expertise to bolster MTN's vision of becoming Africa's premier fintech platform, catering to both merchants and consumers. This initiative follows closely on the heels of Mastercard and MTN's recent pact involving a minority investment in MTN Group Fintech, the digital financial services arm of Africa's largest mobile network operator, a deal finalized earlier this month. The newly introduced cards will be extended to all 60 million active monthly MoMo wallets across 13 countries where the mobile money service operates, inc...