Mastercard Set to Acquire Minority Stake in $5.2 Billion Fintech Venture from MTN

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Jul 8, 2023
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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 comes as part of MTN's comprehensive half-year financial performance update, which was officially disclosed on Monday. Taking a look into the shares of the company itself, the present stock price of MTN Group Limited (JSE: MTN) on the Johannesburg Stock Exchange stands at 13,408 ZAC.
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