Mastercard Ventures Into African Fintech With $5 2bn Mtn Stake

This strategic move comes as Africa's tech-savvy inhabitants increasingly embraces mobile tech to bridge service gaps, especially in finance. This has turned the fintech area into a flourishing playground for wireless carriers. The second part sees Mastercard injecting capital as a minority stakeholder inside the fintech enterprise. The precise size of the stake stays a tantalizing secret until the deal is finalized.

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