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March 6, 2018Blog Posts

Mastercard acquires Oltio from Standard Bank

Finextra:

Furthering its ambitions to displace cash in emerging markets, Mastercard has acquired mobile payments technology company Oltio from South Africa’s Standard Bank. Founded in 2011 as a joint venture between Standard Bank and airtime operator MTN, Oltio’s technology is currently used to authenticate Masterpass digital wallet purchases in South Africa using a consumer’s bank PIN and mobile phone.

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