Mastercard opens office in Accra, Ghana to support digital transformation and financial inclusion.

From Nasdaq
January 14, 2025 12:16:00 PM:

Mastercard opens new office in Accra, Ghana, to support digital transformation and financial inclusion in West Africa. This move aligns with Ghana’s growing economy, with a GDP per capita of $2,238 in 2023, driven by sectors like agriculture, mining, and digital infrastructure.

Mastercard aims to enhance access to advanced payment technologies in Ghana by investing in local talent and fostering innovation. Partnerships with fintech innovators and financial institutions like Access Bank and Fidelity Bank have improved cross-border payment systems and expanded digital services to underserved communities, potentially increasing payment volumes in the future.

Mastercard’s stock has gained 17.7% in the past year compared to the industry’s 18.4% growth. The company’s global gross dollar volume increased 10% year over year in the third quarter of 2024, with the rest of the world GDV increasing by 12% year over year.

In the Business Services space, better-ranked stocks include Coinbase Global, Inc. (COIN), OppFi Inc. (OPFI), and Fiserv, Inc. (FI). Coinbase and OppFi hold a Zacks Rank #1 (Strong Buy), while Fiserv carries a Zacks Rank #2 (Buy). These companies have shown strong performance and growth potential in their respective sectors.

Read more at Nasdaq: Mastercard Strengthens West African Presence With Accra Office Launch