Breaking News

Syriza Places First in Greek Election, Exit Poll Shows

Angola Banks to Issue Mastercard Credit Cards by Year-End

Angolan commercial banks will be able to issue and accept Mastercard Inc. (MA) credit cards by the end of the year, a banking industry official said.

The southern African country planned to increase the use of cards to move away from cash, Eduardo Matos, the business coordinator at Empresa Interbancaria de Servicos, which manages electronic banking systems for lenders in the country. Currently only Visa Inc. cards are used in Angola, he said.

To contact the reporter on this story: Candido Mendes in Luanda at

To contact the editor responsible for this story: Gordon Bell at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.