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Mastercard Expands in Ghana to Boost Digital Economy and Financial Inclusion in West Africa

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Mastercard has launched its first office in Accra, Ghana, marking a significant expansion of its presence in West Africa. This move highlights the company’s dedication to supporting Ghana’s growing digital economy by providing tailored banking products and services for the local market.

With Ghana’s economy on the rise, Mastercard’s new headquarters in Accra is set to be a key player in advancing the country’s digital economy. The company’s efforts, such as the Mastercard Fintech Forum and the Fraud and Cyber Resilience Forum, have fostered discussions, shared valuable insights, and addressed key issues within the financial sector.

The launch of the Accra office marks a pivotal moment for Mastercard and is regarded as “a major milestone” in the company’s efforts to broaden its presence in West Africa. Currently, Mastercard operates offices in Cairo, Casablanca, Johannesburg, Lagos, Nairobi, and Mauritius.

In a press release, Mark Elliott, Mastercard’s Division President for Africa, highlighted the importance of this achievement, stating, “The opening of our office in Ghana represents a key milestone in strengthening our connections across the region. Our growth strategy for West Africa is bold, and having a formal presence here enables us to cater more effectively to the unique needs of our customers. We are excited to apply our global expertise and innovative solutions to bring advanced payment technologies to this market.”

Looking ahead, I want to extend my heartfelt appreciation to our broad network of partners in both the public and private sectors, who are supporting our efforts to create a more connected and inclusive digital world. We are steadfast in our dedication to shaping the future of payments and financial services in this ever-evolving market.

Driving Financial Inclusion

Mastercard’s establishment in Ghana is set to drive financial inclusion and accelerate digital transformation within the country. Through partnerships with pioneering companies such as Kalabash ,KaiOS ,Boost, and Smile ID , as well as financial institutions like Access Bank and Fidelity Bank , Mastercard is fostering stronger collaborations to improve the nation’s financial ecosystem.

Folasade Femi-Lawal, Mastercard’s Country Manager and Area Business Head for West Africa, emphasized the company’s dedication, stating, “Ghana offers a significant opportunity for Mastercard to expand its presence in West Africa. We are focused on attracting and developing top talent while cultivating an ecosystem that will contribute positively to both the local economy and technological progress.”

“We take pride in the positive influence Mastercard has had on Ghana’s financial services sector through collaborative partnerships between our team and a wide network of partners. We remain committed to working alongside our partners and innovative fintech players to build a connected and inclusive digital future for everyone.”

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Written by Grace Ashiru

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