Kacha, Mastercard Ink Deal To Expand Card Issuance In Ethiopia
According to The Reporter Ethiopia, Kacha Digital Financial Service SC has signed a landmark five-year agreement with Mastercard to issue payment cards directly to its customers and enable card-issuing services for eligible financial institutions across Ethiopia. Under the partnership, Kacha will offer card issuance capabilities to banks, microfinance institutions, and fintech companies, pending regulatory approvals and individual program arrangements.
What happened
Kacha Digital Financial Service SC has signed a landmark five-year agreement with Mastercard to issue payment cards directly to its customers and enable card-issuing services for eligible financial institutions across Ethiopia. Under the partnership, Kacha will offer card issuance capabilities to banks, microfinance institutions, and fintech companies, pending regulatory approvals and individual program arrangements.
Why it matters
No verified analysis is available for this report.
What to watch
No source-supported next development has been confirmed for this story.
NEXTEthiopia Earns UN Investment Award With Focus On Safaricom's Digital ExpansionAccording to The Reporter Ethiopia, The Ethiopian Investment Commission (EIC) has received a United Nations award for its efforts in promoting investment in the…
BUSINESSDraft Bill Caps Foreign Portfolio Ownership At 15pc In Listed Ethiopian FirmsAccording to The Reporter Ethiopia, Stakeholder Scrutinize Bill over Caps, Custody, and Repatriation Ethiopia’s proposed foreign portfolio investment (FPI)…
POLITICSAddis Ababa Forum Scrutinizes Economic Dividends Ahead Of Russia–Africa SummitAccording to The Reporter Ethiopia, Less than a week before the third Russia–Africa Summit opens in Moscow on October 28–29, sharp questions are being raised…
BUSINESSZamZam Bank Reports 1.56 Billion Birr Pre-Tax Profit as Assets Rise 76%According to Banks in Ethiopia, ZamZam Bank reported 1.56 billion birr in pre-tax profit as assets grew 76% to 29.24 billion birr and deposits exceeded 22.2…