NEWS ANALYSIS: Fintech continues to push the investment boundaries

MasterCard's move to take up a stake in MTN’s R100bn fintech business is a nod to the growth and prominence of the broader financial technology landscape in SA and the rest of the continent.

The deal, the financial details of which have not been disclosed except that it values the business at $5.2bn , slots MTN’s take on mobile payments as one of the most valuable fintech businesses in Africa.... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MTN selling stake of R99-billion fintech business to MastercardAfrica’s biggest wireless carrier says Mastercard agreed to take a minority stake in its financial-technology business.
Source: mybroadband - 🏆 11. / 67 Read more »

MTN fintech business valued at R99-billion as Mastercard eyes stake - TechCentralMTN Group has signed an initial agreement with global payments giant Mastercard to sell a minority stake in its fintech arm.
Source: TechCentral - 🏆 8. / 71 Read more »

MTN's Growth Amidst Challenging Trading Environment - IT News Africa | Business Technology, Telecoms and Startup NewsBased on MTN Group's H1 23 results published by the JSE , the company continues to demonstrate resilience amidst ongoing macroeconomic, geopolitical and regulatory challenges. MTNGroup Financialgrowth Telecommunications
Source: ITNewsAfrica - 🏆 27. / 59 Read more »

Mastercard to acquire minority stake in MTN’s fintech businessAfrica’s largest provider of telecoms services reaches an agreement with Mastercard for a minority investment to support the acceleration of its payments and remittances verticals.
Source: ITWeb - 🏆 45. / 51 Read more »