馃嚜馃嚬EthiopiaEast Africa
EagleLion to extend Mastercard's payment network in Ethiopia
via Tadias2 min read
EagleLion System Technology is expanding Mastercard's payment network in Ethiopia through new agreements with its subsidiaries. StarPay Financial Services, EagleLion's fintech arm, has signed a reseller agreement to distribute Mastercard's payment technologies to merchants, aiming to boost electronic payments and facilitate cross-border transactions for Ethiopian businesses. Additionally, Choice Microfinance Institution, EagleLion's microfinance unit, has partnered with Mastercard for five years to enhance digital lending and banking services, targeting small businesses and low-income customers. Shehryar Bakht Ali, senior vice president and country manager for East Africa and the Indian Ocean Islands at Mastercard, stated these agreements will broaden financial access and strengthen merchant networks. These collaborations coincide with EagleLion receiving a Mastercard fintech award in Ethiopia for its contributions to digital financial services, accepted by its founder and chief executive, Bersufekad Getachew Amare. Mastercard is increasing its involvement in Ethiopia as the financial sector opens to new technologies.
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