Interswitch Ltd News Today

Nigerian digital payment company Interswitch Limited has told a Federal High Court in the Kobape area of Abeokuta that Ladi Adebutu, the Ogun State

A High Court sitting in Abeokuta, the Ogun State capital, adjourned its hearing on Wednesday in a case of alleged vote-buying instituted

Justice Inyang Ekwo entered the ruling in terms of the plea bargain.

/PRNewswire/ -- Particles for Humanity has assembled an advisory board of global leaders to guide the company as it approaches commercialization of its lead...

(Bloomberg) -- MTN Group Ltd. is seeking as many as three more strategic investors in addition to Mastercard Inc. for its fintech unit, which the African telecom company values at $5.2 billion. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashChina Cuts Rate by...

Mastercard Inc. is set to acquire a minority stake in MTN Group Ltd.'s fintech division. The undisclosed stake is estimated at $5.2 billion.

(Bloomberg) -- MTN Group Ltd., Africa’s biggest wireless carrier, said Mastercard Inc. agreed to take a minority stake in its financial-technology business, which the company values at $5.2 billion. Shares rose as much as 10%. Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightGoldman Pencils In First...

“Signing of the definitive investment agreements is expected to occur in the very near term,” MTN Chief Executive Officer Ralph Mupita said in a statement on Monday.

Mastercard has agreed to take a minority stake in the financial-technology business of MTN Group, the largest wireless carrier in Africa, which the latter values at $5.2bn. Shares in MTN rose as much as 10%, following the announcement. The deal will be structured in two parts: a commercial agreement to use Mastercards technology infrastructure to develop MTNs offerings and the investment into a minority stake.

Binance and authorities in Nigeria have entered into discussion about creating a digital hub for blockchain technology