The Pan-African banking group, Ecobank, will soon enjoy the services of Mastercard, the electronic payment giant, after the signing of an agreement between the credit card company and Ecobank group on June 15, 2015.
The agreement between the two partners provides for the issuance of thousands of credit card machines to major distributors such as supermarkets.
In Cameroon, the Ecobank subsidiary joins other companies such as Afriland First Bank and Banque Atlantique on the Mastercard network. However, these banks also use Visa, Mastercard’s competitor.
Ranked the fifth bank in Cameroon, Ecobank Cameroon’s 2014 net results reached 6 billion FCFA, which is an increase of 51% relative to 2013 when the bank’s net result grew by 154%.
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