Mastercard buys stake in fintech startup Instamojo
Image Credit: pymnts
Global payments giant Mastercard announced a strategic equity investment in fintech startup Instamojo on June 28. Instamojo is a platform that offers medium, small and micro merchants a ready-made virtual platform upon which they can set up an ecommerce business and accept digital payments. Using Instamojo’s platform, merchants would have ready access to a fully functional online store.