Visa Expands footprint in Francophone Africa to accelerate digital Payments, Financial Inclusion Efforts and Support Economic Development
The expansion plans will help deliver financial services to unbanked population in West Africa
ABIDJAN, Côte d’Ivoire, Visa Inc. (NYSE: V), a global payment company, today announced its intention to open an office in Côte d’Ivoire to reinforce its position as a leading payments technology company and to help bringing the benefits of electronic payments to the economy and a broader range of consumers and merchants across the region.
Visa is currently in the process to finalizing the procedures leading to the opening of its office in Côte d’Ivoire. This will facilitate the engagement with key stakeholders in the region; government, financial institutions, consumers and merchants in the ECOWAS region.
This important development will help drive the company ‘strategy in Africa where two billion people live without access to financial services, according to the Global Financial Inclusion Index 2014. The expansion signals continued efforts by Visa to drive its undertaking with the World Bank Group to achieve universal financial access and providing electronic payment accounts to 500 million …read more
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