Tuesday, October 20, 2015
MasterCard today announced that its representative office, MasterCard Africa, has obtained the Casablanca Finance City (CFC) status for its regional headquarters. The MasterCard office in Casablanca runs operations in over 20 African countries of the Greater North West Africa (GNWA) region.
MasterCard joins over 80 other multinational companies who have chosen to base themselves in the Moroccan economic capital of Casablanca and have joined CFC – a pan-African platform and leading regional hub – in order to expand their foothold in Africa.
Raghu Malhotra, President, Middle East and North Africa, MasterCard commented: “The move to Casablanca Finance City underscores the importance of the region to our overall operations and growth strategy. We are committed to driving financial inclusion in this region and pioneering the latest in payments technology to provide consumers with safe, simple and smart payments solutions. CFC status will facilitate our operations and enable us to promote increased growth.”
Said Ibrahimi, CEO of Casablanca Finance City Authority expressed his satisfaction in seeing “not only a leader in global payments join the ranks of CFC, but also, a technology company that has been, for nearly 50 years, using innovation and expertise to make their payment network safer, simpler, smarter and one of the fastest in the world”
He added, “MasterCard’s ambitions in Africa are in harmony with Casablanca Finance City Authority’s motivation to participate in the shared approach for promoting value creation while serving the growth and global standing of the continent.”