Mastercard and MTN expand fintech cooperation

South African telco MTN said on Tueday that its API marketplace Chenosis is partnering with TransUnion Africa to launch a solution that uses mobile phone call data records (CDRs) to assess credit scores for people seeking access to financial services.

Mobile money adoption surged 327% in the past five years in Benin showcasing the rising popularity of the technology.

Mastercard has signed a deal with China’s Alipay to facilitate international remittances into the market.