Mastercard is a multinational financial services corporation that provides payment services through its Mastercard Worldwide Network. It operates a payment network which processes payment transactions on behalf of financial institutions, merchants and other organizations.

Mastercard’s main product is the Mastercard payment card which can be used to make purchases worldwide. The company also provides various other services like risk management, fraud detection and payment gateway services.

It’s one of the largest payment networks in the world, along with Visa and American Express. The company’s headquarters is located in New York and it operates globally.

Many African banks support Mastercard, as it is one of the most widely accepted forms of payment globally. Some of the major African banks that issue Mastercard include:

  • Standard Bank (South Africa)
  • First National Bank (South Africa)
  • Absa Group (South Africa)
  • National Bank of Egypt (Egypt)
  • Ecobank (Pan-African)
  • Guaranty Trust Bank (Nigeria)
  • Zenith Bank (Nigeria)
  • United Bank for Africa (UBA) (Nigeria)
  • Access Bank (Nigeria)
  • Commercial International Bank (Egypt)


It’s worth noting that the list above is not exhaustive and there are many other African banks that also issue Mastercard. Many smaller banks also issue Mastercard but it’s better to check with the bank directly for more information.

Client area

1. Select “Deposit” on your personal or corporate Vault Markets dashboard.

mastercard step 1

2. Enter the amount that you would like to deposit.

mastercard step 2

2. Select Visa/Mastercard.

mastercard step 3