Overview:
Mastercard expands its African footprint with a new office in Uganda, aiming to boost digital payments and financial inclusion in the region.
Mastercard has officially opened its new office in Uganda, marking a significant expansion of its presence in East Africa.
The new office, located in Kampala, will serve as a hub for Mastercard’s operations in Uganda and will enable the company to better serve its customers and partners in the region.
“Mastercard has a long-standing commitment to Africa, and the opening of our new office in Uganda reinforces our dedication to this vibrant market,” said Mark Elliott, Division President for Africa at Mastercard.
“By being on the ground, we can better collaborate and drive the adoption of digital payment solutions that promote economic growth and financial inclusion,” he added.
Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard, said Uganda presents immense opportunities for digital innovation. “Our new office aims to serve as a hub for developing and implementing payment solutions that cater to the evolving needs of Ugandan consumers and businesses.”
The opening of the new office is part of Mastercard’s broader strategy to expand its footprint across Africa, with existing offices in Cairo, Casablanca, Johannesburg, Lagos, Nairobi, Port Louis, and Accra.
Mastercard has also signed a Memorandum of Understanding (MoU) with the Ministry of ICT & National Guidance to accelerate the adoption of digital solutions that enhance government services and drive financial inclusion.
The company has been granted a Payment System Operator (PSO) License by the Bank of Uganda, enabling it to provide essential services such as settlement and clearing operations within Uganda.