Mastercard and Paymentology Expand Partnership for Fintech Card Issuance in South Africa
This collaboration aims to streamline card issuance, enhance financial inclusion, and support fintech growth in South Africa’s evolving digital payments sector as Mastercard and Paymentology Expand Partnership for Fintech Card Issuance in South Africa - Onyeweaku Wisdom Bekee Tech Reports. Mastercard is expanding its collaboration with Paymentology, a London-based global issuer processor, to support card issuance for fintech companies in South Africa. This partnership aims to provide fintech firms with the necessary infrastructure and expertise to navigate the complexities of issuing cards, facilitating financial inclusion and digital transformation. South Africa’s fintech sector is growing rapidly, contributing around 40% of Africa’s total fintech revenue . However, many firms face challenges in scaling their payment solutions. Mastercard and Paymentology are addressing this by enabling fintechs to launch card services tailored to niche markets and unbanked communities, broa...