">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Wednesday, January 20, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Tech

Mastercard appoints new Sub-Saharan Africa Division President

Milcah Lukhanyu by Milcah Lukhanyu
3 years ago
in Tech
6 min read
0

Spurred on by the company’s steady growth in Sub-Saharan Africa and in line with its focus on investing in the continent, Mastercard has appointed Raghav Prasad as Division President for Sub-Saharan Africa. Prasad will strengthen the company’s ongoing commitment to delivering value to customers and consumers in Africa by leveraging technology to build stronger and more inclusive payment ecosystems.

Prasad brings his extensive 30-year global financial services and payments industry experience to further Mastercard’s goal of financially including 100 million people by 2020 – an objective that can only be achieved by working with partners across the public and private sectors and by introducing market-relevant digital payment solutions such as Masterpass QR, Mastercard Payment Gateway Services along with its core Debit, Credit, Prepaid and Commercial solutions.

With a proven track record as a leader, Prasad has a deep understanding of the payments sector, and brings unique insights into the region honed while running his own consulting practice focusing on the Middle East and Africa as well as working for global players like Citibank and RBS.

“The influence and true potential of technology is seen on the continent like almost nowhere else in the world. Africa has an amazing advantage of not having invested in legacy infrastructure and can embrace the latest technologies, especially mobile, to transform the payments landscape. Technology innovation is influencing the way consumers engage with the world around them, shaping economies, creating smarter, more connected and financially inclusive cities,” said Prasad.

Mobile continues to act as a critical conduit of growth in Sub-Saharan Africa, currently accounting for nearly a tenth of the global mobile subscriber base and is predicted to grow faster than any other region globally over the next five years. Additionally, the World Bank estimates that over 64 million adults in the region already have a mobile money account – making it the most easily accessible technology for those currently excluded from the formal financial services sector.

READ  SportPesa signs a five-year sponsorship deal with Tanzania's Yanga SC

It also serves as an increasingly important tool for the continent’s growing youth population. Africa will become the youngest and most populous continent in the next few decades, according to the Africa Development Bank Outlook 2018 Report. Its labour force will expand to nearly two billion in 2063, a trend that is supported by the fact that over 12 million young people join the workforce every year.

Prasad predicts that the demographic dividend of a large young and tech-savvy population will lead to many of these youth starting up businesses of their own, and becoming job creators. “Our work in supporting the MSME sector is critical to our role in Africa, and solutions such as Masterpass QR are turning the tide on cash dependency as well as helping millions of merchants to go digital for the first time. This is more attractive for businesses and consumers alike – and we see youth being a key driver of the adoption of new technologies now, and in the future”

Related posts

Safaricom Will Allegedly Allow The National Intelligence To Illegally Forward Your Calls

January 20, 2021
0

Safaricom Foundation’s Ndoto Zetu Supports 2,000 Students in Six Counties 

January 20, 2021
0

Tatu City Partners with Konza to Attract Investors to Kenya

January 19, 2021
0
searchengineland.com

SEO for Beginners: Where to Start and What You Need

January 19, 2021
0
Readers 1,428

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Tech

Safaricom Will Allegedly Allow The National Intelligence To Illegally Forward Your Calls

January 20, 2021
0
Tech

Safaricom Foundation’s Ndoto Zetu Supports 2,000 Students in Six Counties 

January 20, 2021
0
Tech

Tatu City Partners with Konza to Attract Investors to Kenya

January 19, 2021
0
searchengineland.com
Tech

SEO for Beginners: Where to Start and What You Need

January 19, 2021
0
Tech

Why Dota 2 Viewership Is Going Up

January 19, 2021
0
pregnant woman kenyan
Tech

Nakuru County Has Introduced Smart Watches That Will Monitor Expectant Mothers

January 19, 2021
0
Social media

A Non-Profit American Organization Is Demanding For Telegram To Be Removed From The Apple Store

January 19, 2021
0
Tech

2 out of 3 drivers do not own insurance coverage for their cars

January 19, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Safaricom Will Allegedly Allow The National Intelligence To Illegally Forward Your Calls

January 20, 2021

Autochek opens Accra office to bolster its customer acquisition efforts

January 20, 2021

List Of Kenyan Betting Apps You Can Use

January 20, 2021

Ghana’s Zeepay raises $940 000 seed capital from GOODsoil VC for expansion

January 20, 2021

Safaricom Foundation’s Ndoto Zetu Supports 2,000 Students in Six Counties 

January 20, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: