Kacha and Mastercard Sign Five-Year Strategic Partnership

Kacha Digital Financial Service S.C. has signed a five-year strategic partnership agreement with Mastercard. The deal allows Kacha to issue payment cards directly to its customers. Furthermore, it creates a pathway for Kacha to facilitate card issuance services for partner banks, microfinance institutions, and other fintech companies. The agreement was signed in Addis Ababa and is viewed as a significant milestone for Ethiopia's fintech ecosystem. This development marks a key step in the expansion of digital financial services in the country. The partnership is expected to enhance the capabilities of local financial institutions in the digital payment landscape.