Ecobank and MasterCard today announced that consumers can now use their MasterCard prepaid, debit and credit cards at Ecobank’s ATMs and Point of Sale terminals in 28 African countries, significantly boosting payment card acceptance on the continent.
This initiative gives MasterCard cardholders access to more than 2,500 ATMs and allows them to pay for goods and services in over 20 000 shops, hotels, restaurants and other outlets across the continent.
“Through this partnership, we have combined MasterCard’s global payment technology with Ecobank’s unrivalled pan-African footprint to give our cardholders more convenient, secure and reliable ways to pay,” says Daniel Monehin, Division President, Sub-Saharan Africa, MasterCard. “This is especially important in many African countries where cash has been the prevalent or only payment option.”
MasterCard and Ecobank are also exploring joint business development opportunities across West, Central, East and Southern Africa and will soon add a further four African markets to those already accepting MasterCard-branded cards, namely Equatorial Guinea, Mozambique, São Tomé and Principe and South Sudan.
For more information, see the full press release.