Mastercard will hold a minority stake in Airtel Mobile Commerce, in line with Airtel Africa’s plan to monetise the mobile money business by selling up to a 25% stake in the unit, the company said.
![Mastercard to invest $100 million in Airtel Africa's mobile money unit](https://technologytimes.pk/wp-content/uploads/2021/04/Mastercard-to-invest-100-million-in-Airtel-Africas-mobile-money-unit.png)
Mastercard Inc will invest $100 million in Airtel Africa’s mobile money operations valuing the business at $2.65 billion, the London-listed company said on Thursday.
Mastercard will hold a minority stake in Airtel Mobile Commerce, in line with Airtel Africa’s plan to monetise the mobile money business by selling up to a 25% stake in the unit, the company said.
Originally published at Reuters