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From a startup accelerator to funding startups and even investing in telecom companies, the two U.S. giants are steadily increasing their presence on the continent. The two giants are in a race to dominate Africa's growing digital payment network.
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"[They] make money when there is a transaction made with the card, so their ambition is to get more and more people in Africa to use their own cards, and for that, they need the help of fintech [companies]."
https://restofworld.org/2024/mastercard-visa-africa-fintech/?stream=top
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