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
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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.
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