Youth unemployment in South Africa remains a significant economic challenge, with rates reaching 58.5% for those aged 15-24 in Q3 2025. Mastercard has welcomed its 2026 Youth Employment Service (YES) cohort, reinforcing its commitment to unlocking opportunities for young South…
Mastercard and L’Oréal join forces to empower thousands of beauty professionals and entrepreneurs through the launch of the L’Oréal Mastercard BusinessCard—a bold step toward building a more inclusive digital economy. Traditionally, obtaining a business card meant in-person steps and waiting…
Mastercard and Zenith Bank have collaborated to launch the Essential Debit Card, a scalable solution designed to enhance access to secure digital payments in Nigeria. According to data from the Nigeria Inter-Bank Settlement System (NIBSS), electronic payment transactions reached ₦1.08…
The festive season is here, and with it comes more ways to make every moment count. Mastercard has introduced The Mastercard Collection, a new suite of exclusive global dining, entertainment, and travel benefits available across Eastern Europe, the Middle East,…
FNB, in collaboration with Mastercard, today announced the launch of Globba™, a next-generation cross-border payments solution powered by Mastercard Move that simplifies and secures how South Africans send money abroad. The solution follows a period of significant growth in payments,…
As Africa’s digital economy is projected to reach $1.5 trillion by 2030, trusted identity solutions are a critical enabler of financial inclusion, fraud prevention, and cross-border commerce. Additionally, smartphone penetration is continuing to rise, necessitating an urgent need to unlock…
Mastercard is working with AI and commerce leaders, including Stripe, Google and Ant International’s Antom, to make secure agentic transactions accessible and scalable for digital merchants and platforms globally. Advancing AI-powered payments with new tools for developers, expanded consulting services,…
South Africa’s online retail sector is entering a new era, with e-commerce turnover expected to exceed R130 billion by the end of 2025 and capture nearly 10% of the country’s total retail market. This is the central finding of the…
Paymentology has launched a new mobile-first card management platform, PayoCard, to help digital banks and fintechs in South Africa extend fast, secure, and intuitive card services to their customers. This is the first digital card platform provided by a processor…
American Airlines and Mastercard officially announced an extension of their long partnership, reinforcing a shared commitment to delivering more rewarding travel experiences and value through advanced payments technology and services. The agreement secures Mastercard as the exclusive payment network partner…