New Investments
Mastercard Invests $2 Million in Partnership with Wowzi, and MDP to Empower African Creators
This five-year initiative aims to revolutionize financial management for content creators by providing them with cutting-edge digital tools.
“We want to empower these digital pioneers with the financial security and tools they need to flourish in the ever-changing payments landscape,” said Shehryar Ali, a senior Mastercard official for East Africa and the Indian Ocean Islands.
“This investment aligns with our mission to promote financial inclusion and drive innovation in Africa’s rapidly evolving digital economy.”
Mastercard’s investment supports the gig economy by providing innovative digital payment solutions like watch cards and ring cards.
These secure and convenient options will allow creators to receive payments directly from brands, fans, and sponsors, eliminating the need for traditional channels.
Wowzi will leverage its network to boost creators’ visibility and earning potential, while MDP will ensure secure and seamless transactions through its technical expertise.
Africa’s internet economy holds immense promise, with a potential value of $180 billion by 2025 according to a 2020 IFC report (e-Conomy Africa 2020).
This highlights the importance of Mastercard’s investment in digital solutions for African content creators.
This collaboration marks a significant step towards the future of digital finance in Africa, combining creativity and technology to empower the continent’s content creation industry.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Kenyan Clean Cookstove Company BURN Secures $12 Million to Expand Across Africa
BURN Manufacturing, a leading Kenyan clean cookstove producer, has secured $12 million to accelerate the distribution of its clean cooking solutions across Africa.
IFC, Proparco, and Helios Partner to Invest in Africa’s Sports and Entertainment Industry
The International Finance Corporation (IFC), Proparco, and Helios Sports and Entertainment Group have announced a strategic partnership to drive growth in Africa’s sports and entertainment sector.
Egyptian Edtech Startup El Kheta Secures $400,000 in Funding From EdVentures
El Kheta, an Egyptian online learning platform, has secured a significant investment of US$400,000 from EdVentures, Nahdet Misr Group’s venture capital arm.