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.

Source: This Day Live (link opens in a new window)

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digital payments, financial inclusion, financial products, multinational corporation