MasterCard Inc has doubled the number of its cards to about 100 million in the Middle East and Africa in the past three years, where it has begun setting up partnerships with governments to provide access to its payments system.
That is still a small share of MasterCard’s around 1.4 billion cards in use globally. But there is plenty of room for growth in a region where about 90 percent of transactions are still done in cash, compared with an average of 85 percent globally.
“This is the fastest growing region,” Michael Miebach, president, Middle East and Africa for MasterCard worldwide, told …Read More
Source:: New Mail
