Mastercard & Paymentology Expand Financial Access in South Africa
- Mastercard and Paymentology are expanding their collaboration to support fintechs in South Africa.
- The partnership aims to streamline card issuing for fintech companies, enhancing financial inclusion.
- South Africa's fintech sector accounts for nearly 40% of Africa's overall fintech revenue.
The collaboration between Mastercard and Paymentology represents a crucial step towards enhancing financial inclusion in South Africa. By providing fintechs with the necessary tools and infrastructure, this partnership not only addresses existing challenges in the payment systems but also aligns with broader national goals. It will be interesting to observe how this initiative impacts the fintech landscape and the overall economy in the region.
