Mastercard has taken a significant step in its West African expansion by establishing its first office in Accra, Ghana, a move that reinforces its dedication to fostering the region’s digital transformation.
This landmark decision reflects Mastercard’s unwavering commitment to Ghana’s burgeoning digital economy. With a focus on delivering innovative financial products and services tailored to local needs, the new office will enable Mastercard to deepen collaborations with stakeholders and drive inclusive growth throughout the region.
A Strategic Investment in Ghana’s Digital Future
The Accra office marks an important milestone in Mastercard’s regional strategy, allowing the company to bring its global expertise closer to the communities it serves. Mark Elliott, Division President for Africa at Mastercard, emphasized the significance of this development:
“Opening our office in Ghana marks an important milestone in our commitment to deepening relationships across the region. Our growth strategy for West Africa is ambitious, and establishing a formal presence here allows us to better serve the specific needs of our customers. We are eager to leverage our global expertise and innovative capabilities to introduce advanced payment technologies in this market. As we look to the future, I would like to express my sincere gratitude to our extensive network of partners in the public and private sector, who are helping us build a better, more connected digital world.”
Empowering Local Innovation and Talent
Ghana’s dynamic market presents immense opportunities for Mastercard to contribute meaningfully to economic growth and technological advancement. Folasade Femi-Lawal, Country Manager and Area Business Head for West Africa at Mastercard, reiterated the company’s focus on collaboration and inclusion:
“We are committed to attracting and nurturing top talent and fostering an ecosystem that contributes positively to the local economy and technological advancement. Mastercard has already made a positive impact on Ghana’s financial services ecosystem through collaborative partnerships. We will continue to work closely with financial institutions, fintech innovators, and other partners to build a connected and inclusive digital future for all.”
Building a Network of Strategic Partnerships
Mastercard’s commitment to Ghana extends beyond the opening of its new office. The company has forged partnerships with pioneering organizations like Kalabash, KaiOS, Boost, Smile ID, as well as leading financial institutions including Access Bank and Fidelity Bank, to enhance cross-border payment solutions and support the country’s evolving financial landscape.
A Pan-African Vision for Digital Transformation
The establishment of the Accra office is part of Mastercard’s broader strategy to expand its footprint across Africa. With existing offices in Cairo, Casablanca, Johannesburg, Lagos, Nairobi, and Mauritius, the addition of Ghana underscores the company’s dedication to creating a sustainable digital economy that delivers long-term benefits across the continent.
Through its innovative approach and commitment to collaboration, Mastercard is positioning itself as a catalyst for positive change, shaping the future of payments and financial services in West Africa.