MasterCard invests nearly R4bn in MTN’s fintech unit
With the US operator now on board, MTN says it has not shut the door to any other investors
Global payments giant Mastercard has invested R3.8bn into MTN’s fintech business as part of a plan to partner with industry experts that will help to grow this fresh revenue line.
On Monday, Africa's largest mobile operator signed definitive agreements with Mastercard for a minority investment of up to $200m (R3.796bn) into MTN Group Fintech, on a cash and debt-free basis...
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