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Mastercard Partners With Ethio Telecom to Boost Financial Inclusion and Wealth Creation in Ethiopia

The Fintech Times

Payments giant Mastercard is joining forces with Ethio Telecom , a telecommunications service provider in Ethiopia, in a move to enhance financial inclusion and wealth creation in East Africa. Mastercard processes payment volumes exceeding $6.5trillion annually with over three billion cards in circulation.

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Finovate Global Nigeria: A New Unicorn, Mobile Wallets, and the Pursuit of Financial Inclusion

Finovate

The round also featured participation from Google’s Africa Investment Fund, Verod Capital, and Lightrock. Sponsored by Brand Communicator, the award acknowledges the fintech’s work in bridging financial gaps and promoting financial inclusion in Nigeria.

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Mastercard Joins Forces With Buna to Tackle Cross Border Payments Challenges in MENA

The Fintech Times

Businesses and consumers paying into and out of the Middle East and North Africa (MENA) region will benefit from faster, cheaper and more transparent cross-border payments through a public-private collaboration between Mastercard and the Arab Regional Payment System, Buna.

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MTN MoMo Uganda Introduces the Virtual Card by MoMo to Enable E-commerce Growth

Fintech Finance

MTN Mobile Money (U) Limited, in partnership with Mastercard , Diamond Trust Bank and Network International, has launched the Virtual Card by MoMo, an innovative payment solution designed to enable MTN MoMo subscribers to perform secure online transactions without needing a physical card or bank account.

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Sara Davies, Deborah Meaden and Vicky McClure Launch Campaign for Safer Spending Solution

Fintech Finance

I hope that today’s call to action acts as a pivotal moment in driving financial inclusion across the sector. Sara Davies said: “By empowering the financially vulnerable with the tools and support they need, we can reduce social isolation, improve mental health problems, and foster a more inclusive economy.

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Mastercard’s Entry into Buna: What It Means for the Future of MENA Cross-Border Payments

The Fintech Times

To address these issues, Mastercard has joined Buna, the cross-border payment system operated by the Arab Regional Payments Clearing and Settlement Organisation (ARPCSO), owned by the Arab Monetary Fund (AMF). How does this partnership help Mastercard scheme participants work within the heavily fragmented MENA region?

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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

Solutions like Swifts CBDC connector , tested with 38 financial institutions, aim to bridge these silos using a hub-and-spoke model that interlinks various CBDC networks and even traditional fiat systems. ” “The key point is that for CBDCs to aid financial inclusion, they need to be a digital equivalent to cash.

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