Mastercard’s Giant African Partnership with MTN

It’s a significant move that complements the focus on emerging fintech in Africa. Mastercard is to acquire a minority stake in MTN’s fintech division. This partnership with MTN appears as a Memorandum of Understanding announced in the company’s 2023 group results for the first half of the year. Due diligence is currently underway, and the […]

The World This Week

1. Lithium Price Slide Deepens as China Battery Giant Bets on Cheaper Inputs By now, it is out in the open that the COVID-19 pandemic played a remarkable role in hastening the global reliance on lithium for EV batteries as the world pushes to reduce carbon emissions as it marches on a path towards an […]

Visa, Mastercard Pause Crypto Push in Wake of Industry Meltdown - Sources

U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and […]

Visa, Mastercard Suspend Operations in Russia Over Ukraine Invasion

U.S. payments firms Visa Inc and Mastercard Inc on Saturday said they were suspending operations in Russia over the invasion of Ukraine, and that they would work with clients and partners to cease all transactions there. Within days, all transactions initiated with Visa cards issued in Russia will no longer work outside of the country […]

Mastercard will allow banks to provide cryptocurrency services

Mastercard Inc. is making it easier for banks to offer cryptocurrency rewards on their credit and debit cards, as part of the payment network’s recent embrace of digital currencies. Banks on Mastercard’s global payments network will be able to provide cryptocurrency rewards on credit and debit cards, for example, and reward points on purchases like […]

Mastercard, DTA partner up to release digital ID service In Australia

Multinational credit card company Mastercard announced on Monday a new collaboration with the Digital Transformation Agency (DTA) as it implements plans to create digital identities and age verification system, a move that will manifest the company as a leading digital identity service provider in Australia. The Trusted Digital Identity Framework (TDIF) will be a unison […]