MasterCard has reached an agreement with Airtel Africa to invest $100 million in Airtel Mobile Commerce, the mobile money arm of the telecom operator. The initiative will position the US payment company on the growing African mobile money market.

For more information, please see https://www.ecofinagency.com/finance/0104-42494-mastercard-to-pump-100mln-in-mobile-money-business-in-africa