Itaú and MasterCard announced the signing of a new 20-year agreement that further strengthens the long-term relationship between the two companies. As part of the agreement, Itaú and MasterCard will establish and operate a new electronic payments network in Brazil. In addition, Itaú will issue payment solutions including credit, debit and prepaid cards as part
The Government of Egypt, represented by the Ministry of Communications and Information Technology, and MasterCard announced the details of a recent Memorandum of Understanding (MoU) that will aim to extend financial services to 54 million Egyptians. The announcement was made by H.E. Atef Helmy, Minister of Communications and Information Technology, and Ajay Banga, Chief Executive
Citigroup and MasterCard announced that the companies have signed a new and expanded 10-year agreement. Citi will begin aligning the company’s consumer proprietary credit and debit portfolios to the MasterCard network in 2015. Citi will continue to work with other networks, including on consumer co-brands and commercial cards. “Citi’s new global agreement with MasterCard harnesses
ZAZOO, a business unit of Net 1 UEPS Technologies, Inc., announced that it has partnered with UBER, the innovative smartphone technology that connects riders with drivers, in South Africa. ZAZOO’s revolutionary VCpayTM mobile application enables people who do not own credit cards to create virtual MasterCards that can be used to pay for the UBER
United Bank for Africa (UBA) Plc has emerged winner in three categories of the maiden edition of the MasterCard Cashless Champion Awards. The initiative was launched in October 2014 by global payments technology company, MasterCard, and is aimed at encouraging the adoption of cashless, hassle-free way of life. UBA won in three out of six
Equity Bank Kenya has announced the launch of a prepaid card in conjunction with MasterCard. The card, which is readily usable to pay for bus fare in Kenya in line with the recent government directives on cashless bus fare payment system is more than a travel card. It is an all-purpose card that will be
Riyad Bank’s new MasterCard is accepted at ATMs worldwide, providing even more convenience for the Bank’s customers. Riyad Bank and MasterCard have partnered together to launch a new range of MasterCard debit cards for the Bank’s customers, which will replace the current Maestro debit cards. The Riyad Bank debit MasterCard will provide a host of
The Government of Egypt, represented by The Ministry of Communications and Information Technology, and MasterCard signed a Memorandum of Understanding (MoU) to establish a strategic collaboration that will help drive financial inclusion and maximize government efficiency. The MoU was signed by H.E. Atef Helmy, Minister of Communications and Information Technology, and Ajay Banga, Chief Executive
mPOS provider Swish is proud to announce that it is now a full member of MasterCard. This has been achieved through sister company Swish Payments Ltd which is a fully regulated financial institution licensed by the Financial Services Authority of Malta (MFSA). Visa membership will be concluded by early 2015. With enthusiasm for mPOS solutions
South Africa is making significant headway in furthering financial inclusion, according to a new MasterCard report entitled “A Progressive Approach to Financial Inclusion.” The report explores the progress that 30 developed and developing countries have made in enabling access to and driving usage of different financial products including payments, lending, long-term savings or investments, and
