Visa partners Fintech community in West Africa to accelerate growth of digital payments

VISA has announced its partnership with four leading Fintech operators; Flutterwave, ExpressPay, Innovectives and OneFI in promoting growth in the industry and drive the digitisation of economies across the continent.

Visa’s Global President, Mr Ryan McInerney, recently met with Fintech industry leaders at a round-table discussion with West African African Fintech founders and executives, which took place in Lagos.

Speaking at the round-table, Mclnerney said: “It is amazing to see how Fintechs in Africa continue to leverage their unique abilities to transform consumer and commercial payment experiences locally. These companies are a testament to how local businesses can grow, and Visa intends to provide them with a platform to create connections and opportunities to scale and succeed.”

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According to him, Visa continuously evaluates, partners and invests in companies that have the potential to advance digital payments in Africa. He said that recent Fintech investments includes the Series A round in PayStack, a strategic partnership with PalmPay to drive financial inclusion across Africa and the launch of GetBarter App in partnership with Flutterwave.

“This roundtable is part of Visa’s ongoing efforts to encourage and foster initiatives that will promote innovation and spur technological advancement in digital payments.  We will continue to give a voice to the collective strength of local innovators, who are creating impact and helping improve their communities. Our aim is to connect new players and ideas with our network partners, so that we can deliver intuitive and relevant payment, banking and retail experiences to customers and merchants,” Mclnerney added.