African e-commerce platform Jumia announced that Mastercard has agreed, subject to certain conditions, to become an investor and form a strategic partnership to grow e-commerce operations and support the digital transformation of the continent.
Under the new agreement, the two companies will look to build on Mastercard’s presence across Africa, bringing its expertise in payment services to spur development in new customer segments. As part of the deal, the companies have also agreed to build on their current efforts to accelerate the adoption of electronic payment platforms among consumers and merchants.
Source: https://www.telecompaper.com/news/mastercard-and-jumia-expand-relationship-in-africa--1287073