MasterCard and Ecobank partner to accelerate electronic payments adoption in 28 Sub-Saharan African countries

Patrick Akinwuntan, Ecobank and Daniel Monehin, MasterCard

Ecobank Transnational Inc. (“Ecobank”) and MasterCard today announced a multi-country licensing agreement which will provide access to MasterCard’s electronic payments solutions for Ecobank’s customers in a further 23 African countries. The agreement is the culmination of a Memorandum of Understanding (“MOU”) originally signed in November 2011, and importantly, enables electronic payments access to more than 60% of Africa’s population

Read more: More than 60% of Africans to Gain Access to Electronic Payments.