MasterCard prepares for African growth

Wednesday, March 19, 2014

MasterCard was eyeing a slice of the expected exponential growth from the emerging African market in coming years, particularly as mobile payments surged, Aaron Oliver, the head of emerging payments in the Middle East and Africa for the multinational firm, said yesterday.

Speaking on the sidelines of the Cards and Payments World Africa 2014 conference in Johannesburg yesterday, Oliver said the continent had become almost unrecognisable from what it was eight years ago, with much of the change influenced by technology roll-outs.

“It has become an industry as opposed to the next best thing,” he said.

Source: Business Report (link opens in a new window)

digital payments, mobile finance