Ajay Banga News

Employees stand inside a mobile phone store specializing in the sale of Samsung Electronics Co. handsets in Nairobi, Kenya, on April 17, 2013. Photographer: Trevor Snapp/Bloomberg

Europeans Selling Mobile Payments Should Ask Africa for Help

As telecommunications carriers in Europe seek a share of the billions of dollars likely to flow to companies that build mobile-payment systems, Claudio Chiche has a few words of advice: Ask Africa for help.

At the World Economic Forum in Davos, Ajay Banga, MasterCard’s president and CEO (left), and Donald Kaberuka, the African Development Bank’s president (right), have announced a significant partnership to boost financial inclusion in Africa. Photo by swiss-image.ch/Michael Buholzer

African Development Bank and MasterCard partner to broaden financial inclusion in Africa

Today, the African Development Bank (AfDB) and MasterCard announced a broad collaboration that aims to expand financial inclusion across the African continent.