Mastercard and Onafriq (formerly MFS Africa), a pan-African payments company, have joined forces to introduce secure, cost-effective, and innovative payment solutions to consumers and small and medium enterprises (SMEs) across the continent.

Africa’s mobile money sector stands as one of the most established and rapidly expanding fintech industries globally. According to The State of the Industry Report on Mobile Money 2024 by the GSM Association, Sub-Saharan Africa boasts 835 million registered mobile money accounts, representing 48% of global users and recording a 19% annual increase. Click here to read the full article