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Digital payment platform iPay has joined forces with Visa, a world leader in digital payments, to introduce Visa’s Tap-to-Phone technology to simplify digital payments for merchants and customers.
Dubbed Tap Ulipe, the solution is integrated into a sleek, portable, internet-enabled MobiGo 2 device, comparable in size to modern smartphones. It offers merchants many solutions beyond traditional payments without investing in clunky POS machines. In addition, merchants can also download the Tap to Ulipe app from the Google Play store on their Near-Field-Communication (NFC) enabled smartphones to accept contactless payments.…
- The Africa fintech accelerator program will be a three-month intensive learning program focusing on business growth and mentoring.
- The AfDB created the Africa Digital Financial Inclusion Facility as a blended finance facility to accelerate digital financial inclusion in Africa.
- The VEI competition in 2022 hosted more than 1000 African fintech startups.
The steady growth of Africa’s fintech companies has caught the attention of various international investors keen on its lucrative potential. New Visa announced the launch of the Africa Fintech Accelerator Program to assist startups in gaining some foothold in the competitive markets. With investors flooding Africa, its fintech industry might become its most profitable economic activity.
Increase Of Digital Innovation
Africa’s digital transformation has taken a turn for the better in terms of innovations and economic growth. Nigeria, Kenya, Egypt and South Africa are prime examples of how shifting to a more digital platform can open vast financial doors. …
- Project Management Institute’s recent Talent Gap report shows 2.3 million people will be needed each year to fill all project management-oriented (PMO) positions that are expected to open by 2030.
- To remain competitive, companies will need to hire problem solvers and relationship builders who can help drive change and deliver strategic value.
- During this decade, sub-Saharan Africa will witness a 40 percent growth in PMO employment opportunities.
African economies could be headed to a severe shortage of skilled project managers to implement critical infrastructure investments across the continent.
According to Project Management Institute’s most recent Talent Gap report, 2.3 million people will be needed each year to fill all project management-oriented (PMO) positions expected to open by 2030.
To remain competitive, companies will need to hire problem solvers and relationship builders who can help drive change and deliver strategic value.
During this decade, sub-Saharan Africa will witness a 40 percent…
- 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 …
In a notice on Sunday, the Zambia Tourism Authority (ZTA) announced that there would be no VISA requirements for the United Kingdom, United States of America, Canada, Norway, Australia, China, South Korea, Gulf Estates and the European Union. This is with effect from October 1, 2022.
The Zambia Tourism Agency (formerly Zambia Tourism Board) was established in 2015 to market and promote Zambia as a travel destination of choice and to regulate the tourism industry.
Zambia is home to the world-famous Victoria Falls, vast wildlife resources, varied scenery, wilderness, diverse culture and national heritage, adventure activities and more.
The developments come on the back of the country’s approval of its Tourism Master Plan 2018 to 2038, a 20-year practical development strategy to enhance the economic contribution of the tourism sector to the southern African nation’s economy.…
The head of the Portuguese government was speaking in Maputo at a joint press conference with the President of the Republic of Mozambique, with whom he met as part of the 5th Luso-Mozambican Summit.
The Autorização de Residência para Actividades de Investimento – first introduced in 2012 and commonly known as the ‘Golden Visa’ – is a residence permit that provides qualifying non-EU / EEA / Swiss citizens and their families with full rights to live, work and study in Portugal.
According to The Portugal News, an alternative to the Golden Visa is the Portugal Passive Income Visa – also known as a D7 Visa – which provides residency status to non-EU / EEA / Swiss citizens, including retirees, who intend to relocate to Portugal and are in receipt of a reasonable and regular passive income. The D7 Visa is aimed at those who intend to live in Portugal, so …
Visa, for its part, has lodged an application seeking to dismiss the charges. In its defence, the payments platform company said that the people who posted the victims’ underage images and those who distributed and earned money from the material caused the alleged harm and not Visa, the Washington Post reports.
The company went on to argue that it had nothing to do with the operations of the websites run by Mind Geek which include adult entertainment websites where child sexual abuse videos have been featured. Since the news of child sexual abuse broke and the landmark ruling delivered by the California court, Visa has been at pains to distance itself from the lawsuit of which it is now a defendant. The company made a statement to the Washington Post where it condemned sex trafficking, exploitation, and child sexual abuse materials as “repugnant” to its values and purpose as a …
In the future, Adanian Labs wants to get past the current phase, in which the flow of deals around the world is slowing down, and rise to power more start-ups and take over more markets across the continent.
In just two years, Adanian Labs has expanded out of Kenya and into Tanzania, Zambia, South Africa, and Nigeria, which are some of Africa’s biggest start-up and tech hubs.
It wants to have a presence all over Africa by 2025, and it is working hard to help build 300 companies in the next five years. In the meantime, the lab plans to set up shop in the Democratic Republic of Congo (DRC), Senegal, and the Ivory Coast. It is also thinking about using a franchise model to speed up its growth.
Adanian Labs start-ups can easily expand into other markets because they can use the existing infrastructure of the venture studio as …
- The Google product development centre in Nairobi has been launched weeks after Visa set up its first innovation centre in Africa
- Google, Microsoft and Visa join Cisco and Philips in setting up innovation centres strengthening Kenya’s Silicon Savannah moniker
- Visa’s innovation studio is the first in Africa and the sixth globally
The Google product development centre in Nairobi, Kenya has launched just two weeks after Visa set up its first innovation centre for the co-creation of payment and commerce solutions with partners.
Google, Microsoft and Visa join Cisco and Philips in setting up innovation centres strengthening Kenya’s Silicon Savannah moniker and as a tech investment hub in East Africa.
The tech giant’s facility, the first of its kind on the continent, is to create products and services that will have a significant impact on the African continent and beyond.
Besides the research and development centre, Microsoft has also …
With peace and stability returning to Somalia, the country is beginning to enjoy international banking and financial services that can link the country to global financial networks for ease of doing business, and also support the growth of local industries.
On Wednesday July 7, The American digital financial payments service Visa announced its partnership with the International Bank of Somalia (IBS Bank), which will see the introduction of Somalia’s first Visa financial card payment service. This partnership opens up Somalia to the cashless payment services for international and local transactions.
Mahat Mohamed Ahmed,the IBS Bank Chief Executive Officer Speaking at the launch of this mega event he said that the introduction of Visa in Somalia was a great Milestone and that Somalia was on track to the right path of growth and progress.
“We’ll continue to make partnerships, and bring convenient and innovative financial solutions to the people.”
The Visa …