MasterCard is partnering with Ecobank Group to deliver electronic payments to sub-Saharan African countries.
The deal stems from a 2011 agreement between the two organizations. That deal provides a number of MasterCard services, including prepaid, debit and credit cards, to areas previously lacking coverage.
“We are proud to partner with Ecobank, which is quickly growing its presence in Africa. This is the largest multi-country licensing project completed by MasterCard in Africa and, as such, is a great milestone for us, as we aim to achieve our vision of a world beyond cash by bringing the benefits of electronic payments to an increased customer base in Sub-Saharan Africa,” Daniel Monehin, president for MasterCard’s Sub-Saharan Africa division, said in a statement.
To learn more about MasterCard’s partnership with Ecobank, read the full press release by clicking here.
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