MasterCard ink partnership MOU with local Tech firm
The global payments business leader, Mastercard Inc., has inked a partnership agreement with a local tech firm, Eaglelion System Technology.
MasterCard, a global payments company with a global reach that spans more than 210 countries, chose to collaborate with the tech firm to provide financial, technical, and advisory support on several products the firm developed.
Eaglelion has developed platforms with the monikers “Getrooms,” an accommodation search engine; “Get Fee,” which was unveiled in association with the state-owned Commercial Bank of Ethiopia; and “Dubepay,” a novel”buy now, pay later” consumer financing platform in alliance with Dashen Bank.
“In the age of the digital world, it is a matter of urgency to revolutionize and make Ethiopian finance system, thereby boosting the flow of remittances in the country,” said Bersufikad Getachew, founder of Eaglelions System Technology, whose fintech-based platform portfolio increased by more than ten in just two years.
“We are gearing up to launch the first continental financial summit with the aim to foster financial inclusion and regional economic integration,” he said.
Elfaged Aregahegn, the business development director for MasterCard in Ethiopia, Sudan, and Somalia, revealed that the cooperation deal will begin to be implemented in January 2023 and said that the corporation considers the relationship to be a game changer.
MasterCard is a technology company in the global payments business, renowned for developing advanced payment solutions and seamlessly processing billions of transactions around the world, with over 1.9 billion cards and 35.9 million acceptance locations in 210 countries and territories and 150 currencies.