Mastercard Incorporated (NYSE:MA) shares are trading slightly higher today. On Tuesday, the company announced that South Africa will be the first market globally to benefit from immediate Mastercard card payments.
The company will introduce new standards and solutions to accelerate card transaction processing, enabling same-day payouts for South African merchants through real-time clearing and more frequent settlements.
This initiative supports economic growth and will extend to global banks, allowing real-time card payments for consumers, improving transaction speed and fund visibility.
Also, this move will support the South African Reserve Bank’s National Payments System Strategy Vision 2025, focusing on financial ...
