Global payments and technology firm Mastercard Inc. announced on Wednesday that it has entered into an agreement to purchase a minority stake in MTN’s $5.2 billion fintech business. Mastercard’s strategic investment in the African telecommunications and digital services provider’s fintech business will be made via its newly launched venture capital fund, Mastercard Ventures. The major… Continue reading Mastercard purchase
Category: minority
Mastercard purchase
Mastercard, one of the world’s leading payments companies, has announced that it will acquire a minority stake in MTN Group’s financial technology business, MTN Fintech, in a $5.2 billion deal. The transaction, which is expected to close later this year, is part of an ongoing effort by MTN Group to monetise its fintech investments. The… Continue reading Mastercard purchase