Tag Archives: Mastercard

Wala Awarded 2018 Zambezi Prize for Innovation in Financial Inclusion

Tulaa and RecyclePoints Named Runners-up in the US$200,000 Prize Competition

NAIROBI, Kenya, August 30, 2018/ — The Legatum Center for Development and Entrepreneurship (http://Legatum.mit.edu/) at the Massachusetts Institute of Technology (MIT), with support from the Mastercard Foundation (https://MastercardFdn.org/), has named South African startup Wala (https://getWala.com/) as the grand prize winner of the 2018 Zambezi Prize (http://Zambezi.mit.edu/) for Innovation in Financial Inclusion. The announcement came during the Open Mic Africa Summit (https://Zambezi.mit.edu/openmicafrica/) in Nairobi on August 29th, 2018. Continue reading Wala Awarded 2018 Zambezi Prize for Innovation in Financial Inclusion

Crypto Purchase Ban Hits MasterCard Earnings

Card issuer Mastercard is feeling the sting from a decision by top US banks to ban credit card transactions for cryptocurrencies. Cross-border volume growth is on a downward trend, as evidenced by a 19% increase last month compared to 21% for all of the first quarter, according to the company’s earnings results. Continue reading Crypto Purchase Ban Hits MasterCard Earnings