MasterCard and Ecobank accelerate electronic payments adoption in sub-Saharan Africa

MasterCard and leading pan-African banking group Ecobank Transnational Inc. (Ecobank) have signed a landark multi-country agreement to bring MasterCard’s payment solutions to more than 32 sub-Saharan African markets. It is a move that is expected to increase the acceptance and adoption of electronic payments in Africa. This will see Ecobank issue MasterCard debit, prepaid, and credit cards to millions of its customers over the next 10 years. Ecobank will also roll out innovative MasterCard acceptance solutions designed to expand the number of merchant locations that accept MasterCard payment cards on the continent. Read more here.

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