Browsing: Jr.

Visa to invest US$1 billion in Africa

 

  • Visa committed to investing US$1 billion in Africa over the next five years
  • Visa will facilitate more accessible access to digital payments as a stepping stone to extending formal financial services for consumers and businesses
  • The funds will also go toward upskilling, talent development, and capacity building, as well as boosting the digitization of economies and enhancing the payment ecosystem via innovations and technology

Visa has committed to investing US$1 billion in Africa over the next five years to support robust, creative, and inclusive economies during the U.S.-Africa Business Forum.

Visa will also facilitate more accessible access to digital payments as a stepping stone to extending formal financial services for consumers and businesses.

Alfred F. Kelly, Jr., chairman and CEO of Visa, presented the pledge at the US-Africa Business Forum in conjunction with the US-Africa Leaders Summit in Washington, DC. The commitment will help Visa expand operations in …