MA MasterCard Incorporated

LONDON--ATLAS Mara Ltd. (ATMA.LN) said Wednesday it and Mastercard Inc. (MA) have signed three strategic business agreements, which aim to build a stronger digital payment ecosystem with a focus on accelerating financial inclusion in sub-Saharan Africa.

The alliance will pave the way for up to 20 million consumers and 100,000 merchants across Africa to be digitally and financially included in the formal financial sector by 2020. The deal comes less than a week after the African focused financial firm signed a partnership with Visa Inc. (V).

Masterpass QR, the Mastercard mobile-driven, person-to-merchant payment solution, will be rolled-out as part of the partnership, facilitating access to an affordable alternative to traditional point-of-sale terminals for merchants to accept electronic payments from their customers, benefiting the entire economy.

Added to this ecosystem, merchants and consumers will have access to the Mastercard suite of digital and traditional payment solutions, including prepaid, debit, and credit Mastercard cards.

Shares at 0800 GMT up 0.06 pence, or 0.04%, at 167.03 pence.

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

February 01, 2017 03:20 ET (08:20 GMT)

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