M-Pesa and Dahabshiil partner to serve Ethiopian remittance market

Mastercard announced on Tuesday it has launched Mastercard Pay Local, a new global service that enables digital wallet users in Asia-Pacific, Latin America, Eastern Europe, and the Middle East and Africa to pay locally when they travel.

Mastercard and MTN Group Fintech have signed a multi-market agreement that will use Mastercard’s technology and capabilities to support MTN’s ambition to become Africa’s largest fintech platform for both merchants and consumers.

Remittance deals continue to hog the fintech headlines in Africa. MTN MoMo, Mastercard and Equity Bank Kenya are the latest companies to make announcements about plans to serve the vast African remittance market.