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Visa highlights innovation capabilities to drive financial inclusion in Africa

Visa highlights innovation capabilities to drive financial inclusion in Africa

Banking & FinanceEast AfricaIndustry VerticalsIntelligent TechnologyRegionsSoftwareSouth AfricaTop StoriesWest Africa

Visa, a global leader in digital payments, recently showcased key innovation capabilities that will accelerate financial inclusion in Sub-Saharan Africa.

Hosting industry stakeholders at an event focused on innovation, the company highlighted co-creation as an essential component in developing market-ready payment solutions to accelerate access to financial services.

Speaking during the 2021 Visa Africa Innovation for Inclusion Summit, Aida Diarra, Senior Vice President and Group Country Manager, Sub-Saharan Africa, Visa, said that over the last decade Visa has taken a keen focus in collaborating with key players across the payments landscape to enable access to digital payments.

“We continue to partner with leading players in Sub-Saharan Africa including banks, FinTechs, neo-banks and telecommunications companies to enable new payment experiences that accelerate inclusion across the region,” said Diarra.

“Some of our latest partnerships are leveraging the power of mobile as an access point to financial inclusion, including a partnership to develop products that will expand access to digital payments at scale for over 30 million mobile money customers. We are also driving access for small businesses through the launches of tap to phone and an exciting pilot that will serve as a solution to help small business owners digitise their business, covering payments, point of sale (PoS) and access to credit, via a mobile device,” she added.

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