The company pledges to invest $1 billion in Nigeria and other
Visa has announced a $1 billion investment over five years in Nigeria and other African countries.
He said his commitment, which is expected to last until 2027, will allow him to expand operations, deploy innovative new technologies and deepen collaboration with partners, including governments , financial institutions, mobile network operators, fintechs and merchants. .
Visa Chairman and CEO Alfred Kelly, Jr. made the commitment at the U.S.-Africa Business Forum on Wednesday.
He said, "Visa has been investing in Africa for decades to build a truly local business, and today our commitment to the continent remains as strong and unwavering as ever.
"Every day, Visa supports digital commerce and the movement of money in every country on the continent, and Africa remains at the heart of Visa's long-term growth plans. We look forward to to continue to work closely with our partners to advance the financial ecosystem, accelerate digitalization and build resilient, innovative and inclusive economies that will create shared opportunities and further boost Africa's digital economy.”
According to the company, its investment will facilitate additional opportunities to expand financial inclusion on the continent. He said around 500 million people in Africa lack access to formal financial services, with less than 50% of the adult population making or receiving digital payments, and more than 40 million merchants not accepting digital payments. digital payments.
Senior Vice President, Visa Sub-Saharan Africa, Aida Diarra, added, "Africa is experiencing an unprecedented digital acceleration, with growing numbers of consumers, merchants and businesses realizing the benefits of convenient digital security and payments to power commerce and money movement.
"Over the past year, Visa has continued to grow its investments in Africa, with new offices, new innovations and solutions, and programs that directly support financial inclusion The Investment Pledge outlines our long-term commitment to Africa and the work we will do to help advance the financial ecosystem.”
Senior Vice President, Visa North Africa Levant and Pakistan, Leila Serhan, added, "Expanding financial inclusion is critical to long-term economic prosperity, and we are proud to have worked with financial and public sector partners to launch new initiatives such as She's Next.
"We look forward to continuing to support programs that advance inclusion and prosperity while introducing new innovations designed for consumers and businesses across Africa."
Please share this story:
Visa has announced a $1 billion investment over five years in Nigeria and other African countries.
He said his commitment, which is expected to last until 2027, will allow him to expand operations, deploy innovative new technologies and deepen collaboration with partners, including governments , financial institutions, mobile network operators, fintechs and merchants. .
Visa Chairman and CEO Alfred Kelly, Jr. made the commitment at the U.S.-Africa Business Forum on Wednesday.
He said, "Visa has been investing in Africa for decades to build a truly local business, and today our commitment to the continent remains as strong and unwavering as ever.
"Every day, Visa supports digital commerce and the movement of money in every country on the continent, and Africa remains at the heart of Visa's long-term growth plans. We look forward to to continue to work closely with our partners to advance the financial ecosystem, accelerate digitalization and build resilient, innovative and inclusive economies that will create shared opportunities and further boost Africa's digital economy.”
According to the company, its investment will facilitate additional opportunities to expand financial inclusion on the continent. He said around 500 million people in Africa lack access to formal financial services, with less than 50% of the adult population making or receiving digital payments, and more than 40 million merchants not accepting digital payments. digital payments.
Senior Vice President, Visa Sub-Saharan Africa, Aida Diarra, added, "Africa is experiencing an unprecedented digital acceleration, with growing numbers of consumers, merchants and businesses realizing the benefits of convenient digital security and payments to power commerce and money movement.
"Over the past year, Visa has continued to grow its investments in Africa, with new offices, new innovations and solutions, and programs that directly support financial inclusion The Investment Pledge outlines our long-term commitment to Africa and the work we will do to help advance the financial ecosystem.”
Senior Vice President, Visa North Africa Levant and Pakistan, Leila Serhan, added, "Expanding financial inclusion is critical to long-term economic prosperity, and we are proud to have worked with financial and public sector partners to launch new initiatives such as She's Next.
"We look forward to continuing to support programs that advance inclusion and prosperity while introducing new innovations designed for consumers and businesses across Africa."
Please share this story:
What's Your Reaction?
