MasterCard, Ecobank partner to provide e-payments in Africa

Thursday 16 January 2014 08:42 CET | News

Financial institution Ecobank and MasterCard have entered a multi-country licensing agreement which will provide access to MasterCard’s payment solutions for Ecobank’s customers in a further 23 African countries.

Under the terms of the agreement, Ecobank subsidiaries in 28 countries across Sub-Saharan Africa will be licensed to issue and accept MasterCard prepaid, debit and credit cards, whilst MasterCard will leverage Ecobank’s pan-African footprint to provide its electronic payments solutions.

In recent news, UK-based online payment services provider Optimal Payments has obtained principal membership status for merchant acquiring from MasterCard Europe and Visa Europe.

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Keywords: MasterCard, EcoBank, partnership, e-payments, Africa, Sub-Saharan countries, prepaid, debit, credit cards
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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