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Ecobank Takes a Step Closer to Reaching Its 100-Million Customer Ambition by Partnering With Mastercard to Roll-Out Masterpass QR Across 33 Countries

Partnership will shift Africa to instant and secure digital payment solution

Lagos, Nigeria – October 20, 2016 – The Ecobank Group has signed a Memorandum of Understanding (MoU) with Mastercard to roll-out Masterpass QR, a mobile payment solution, across 33 African countries. This new agreement will give Ecobank the scale and capacity to achieve its 100-million customer ambition in a profitable and sustainable way by 2020.

The MoU signals the largest Masterpass deal of its kind for Mastercard globally, with the QR solution specifically being selected due to Masterpass QR’s ease of use and convenience for merchants and consumers in the selected markets.

Ecobank customers in Nigeria already enjoy the benefits of Masterpass QR. Soon, all remaining 32 countries in across Pan-African will receive the benefits of the partnership by the end of 2016.

Masterpass QR is the first mobile-driven, person-to-me ...

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