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Mentioned Companies:

MFS Africa Buys US-Based Prepaid Card Platform

Global Technology Partners (GTP), a Visa and Mastercard prepaid card account processor that has operated exclusively in sub-Saharan Africa since 2006, has been purchased by MFS Africa for $34 million in cash and stock. MFS Africa provides a payment gateway to mobile network operators (MNOs) in 36 countries in Africa to support cross-border payments and money transfers from 400 million mobile wallets. GTP, which is headquartered in Tulsa, Oklahoma, has 80 bank customers in 34 countries. It provides Visa and Mastercard prepaid card program processing and management, including issuing services...

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June 2022
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