Thousands of credit card machines will soon be made available to supermarkets according to a report by Business in Cameroon. This is the result of an agreement signed between Ecobank and MasterCard.
Clients of the Cameroonian subsidiary of the pan-African banking group, Ecobank, will soon enjoy the services of Mastercard, the electronic payment giant, after the signing of an agreement between the credit card company and Ecobank group on June 15, 2015.
The agreement between the two partners provides for the issuance of thousands of credit
card machines to major distributors such as supermarkets.
In Cameroon, the Ecobank subsidiary joins other companies such as Afriland First Bank and Banque Atlantique on the Mastercard network. However, these banks also use Visa, Mastercard’s competitor.
Ranked the fifth bank in Cameroon, Ecobank Cameroon’s 2014 net results reached 6 billion FCFA, which is an increase of 51% relative to 2013 when the bank’s net result grew by 154%.
1 comment:
this is welcomed development..
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