Ecobank, MasterCard Seal Deal on Financial Inclusion
Friday, January 17, 2014
MasterCard Worldwide Wednesday sealed a landmark deal with Ecobank Transnational Incorporated (ETI), which will see 60 per cent of Africa’s population have access to financial services.
Specifically, the global payment solution company signed a multi-country licensing agreement with ETI which would provide access to MasterCard’s payment solution for Ecobank’s customers in 23 African countries.
The agreement was the conclusion of a memorandum of understanding (MoU) that was initially signed in November 2011.