Orange links up with MasterCard to digitise African payments

MasterCard's platform can now enable African fintechs launch card programs in just 15 days.

Over the next ten years, the project aims to provide 100 million Africans and businesses with digital access to essential services.

The Start Path initiative enables fintechs to access strategic partnerships, co-innovation opportunities, and engagement with MasterCard's global network.

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE.

Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya.

The MasterCard Foundation has pledged $360 million over the next seven years to promote young women's educational, entrepreneurial, and career goals.

Security experts say if a phisher gains access to a Gmail account, they can potentially access several services, making it a popular target.

The Mobilising Access to the Digital Economy alliance has been unveiled, with the goal of providing 100 million Africans with digital access to essential services.

The two companies have launched a unified cross-border money movement solution, enabling users to send and receive payments to and from 150+ countries.

According to a new report, this development marks a 29% increase from 2022, putting the sector on track to surpass $5 billion by 2026.

According to the companies, the partnership will drive growth of digital financial services, including mobile money transactions, and cross-border remittances.