Mastercard and MTN expand fintech cooperation

The mobile money market matured as transaction value grew by 14% to US$1.4 trillion and total global registered accounts reached 1.75 billion in 2023, an increase of 12% year-on-year.

The central banks of Cambodia and Malaysia have launched the first phase of a cross-border payments system that initially enables Cambodian travellers to purchase good and services in Malaysia using QR codes.

Safaricom and Mastercard announced on Thursday that they have signed a partnership to accelerate adoption of payment acceptance and cross-border remittance services in Kenya.