Airtel Africa said that Mastercard will invest ₹733 cr in its wholly-owned subsidiary Airtel Mobile Commerce BV to own a minority stake in the subsidiary.  Media reports said that Mastercard will have around 3.75 % stake in the firm which is, at present, the holding company for several of Airtel Africa’s mobile money operations. The transaction will help to reduce Group’s debt, invest in network and sales infrastructure.

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