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Visa, Mastercard Swipe fees hit record $100.8 billion in 2023

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Visa and Mastercard credit card swipe fees hit a record high of $100.77 billion in 2023, according to the Merchants Payments Coalition. Swipe fees,...

Visa, MasterCard fees; US merchants to save $30 billion in 5...

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Visa and Mastercard have reached a settlement to cap credit card fees for retailers, resulting in an estimated $30 billion of savings over five...

Airtel Africa considers IPO for its mobile money unit – Report

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Africa’s second-largest telecom operator, Airtel Africa, is reportedly considering an initial public offering (IPO) for its mobile money unit. According to a Bloomberg report citing people...

G2RS partners Mastercard on transaction laundering detection

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G2 Risk Solutions (G2RS), the leading provider of merchant risk intelligence for the global payments industry, is partnering with Mastercard to provide merchant acquirers...

MTN MoMo customers to get Mastercard virtual cards

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Mastercard and MTN Group Fintech have signed a multi-market agreement that will see the introduction of a prepaid virtual card to the mobile operator’s Mobile...

MTN, Mastercard to accelerate mobile money ecosystem in 13 African markets

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MTN Group Fintech and Mastercard have signed a multi-market agreement that will set in motion a new era of collaboration to connect millions of...

Mastercard pays $200 million for minority stake in MTN fintech

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Mastercard has acquired a minority stake, worth up to $200 million in MTN Group Fintech, the telecommunications operator’s fintech arm.The investment gives MTN Group...

KIC commences AgriTech Challenge Pro with Team Building and Bonding Bootcamp

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Kosmos Innovation Center (KIC) has held a Team Building and Bonding Bootcamp for the 2024 cohort of the AgriTech Challenge Pro. The AgriTech Challenge...

Thanks to GhIPSS, Ghanaians will soon pay less for Visa and...

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Ghanaians will later this year start paying less for all Visa Card and Mastercard transactions because of two separate historic deals the national payments...

Apple, Visa and Mastercard face anti-trust class action lawsuit

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Apple, Visa and Mastercard are facing a class action lawsuit over allegations that they conspired to suppress competition in the market for point-of-sale payment...
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