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MTN to Restructure Fintech Business in $200M Mastercard Deal
MTN Group is moving forward with plans to separate its fintech operations in Nigeria, Ghana, and Uganda as part of a major restructuring. This step will allow Mastercard to acquire a minority stake in these units, reinforcing MTN’s...
FIDELITY BANK PLC AND MASTERCARD PARTNERSHIP
1. Fidelity Bank Plc and Mastercard Partnership:
- Fidelity Bank has teamed up with Mastercard to launch a new product named "Fidelity Send."
- The initiative aims to improve cross-border payments and remittances in Nigeria.
2. Purpose of...
MTN, the prominent telecommunications group with a pan African presence, has unveiled a pivotal agreement with Mastercard, a leading global fintech player. This strategic partnership involves the sale of a minority stake in MTN's fintech business for an impressive $5.2 billion. The announcement...
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