Mastercard Strengthens Collaboration With Paymentology To Drive Financial Inclusion in South Africa

Mastercard is deepening its collaboration with Paymentology, a next-generation global issuer processor, to facilitate card issuance for fintech companies in South Africa. This collaboration will support fintechs with the expertise, infrastructure, and rapid go-to-market capabilities needed to navigate the complexities of issuing cards—unlocking new opportunities for financial inclusion and digital transformation.

South Africa’s fintech sector is experiencing rapid growth, contributing approximately 40% of the total fintech revenue in Africa (Fintech in Africa Report 2024). Yet, many fintechs face challenges in scaling their payment solutions efficiently. Mastercard and Paymentology are bridging this gap by enabling fintechs to launch card services that serve both niche use cases and unbanked communities, extending access to financial services where it is needed most.