Crédit Agricole Egypt extends partnership with Visa for 5 years

EGYPT – Crédit Agricole Egypt, an Egypt-based bank, has announced that it has signed a new five-year partnership agreement with Visa, a multinational financial services corporation. Under the new agreement, Visa and Crédit Agricole will continue to cooperate to provide innovative card payment solutions. “At Credit Agricole Egypt, our priority is our customer’s satisfaction, while ensuring the bank’s continuing growth,” Jean-Pierre Trinelle, Crédit Agricole Egypt Managing Director, commented on the new partnership. “Therefore, we are proudly extending our 17-year cooperation with Visa to open up new horizons in cards payment…

Read More

Fintech Carbon partners Visa to offer digital and physical issuance of Visa cards

NIGERIA – Carbon, a pan-African fintech company, has announced a strategic five-year partnership with Visa, the world leader in digital payments, to offer both digital and physical issuance of Visa cards to its customers. Carbon is launching Visa debit cards in the third quarter of 2021, roughly a year after shifting from being a leading digital lending company to becoming a digital bank offering a range of financial services including, savings and payments. By leveraging Visa’s payment functionalities, Carbon will deploy an instant issuance process in three key markets including…

Read More

E-commerce booms in South Africa, Nigeria and Kenya – Visa

SSA – Report by global payments solution company Visa, shows that over the last three years, South Africa, Nigeria and Kenya have maintained their positions as the top three market contributors to e-commerce in the Sub-Saharan Africa region. In 2020, West African nation Ghana also broke ground, tied in third place with Kenya. The report dubbed “E-commerce developments across Sub-Saharan Africa” white paper, highlights Sub-Saharan Africa’s steady growth potential, despite it being one of the smallest regions for e-commerce globally. Visa’s research reveals that during the COVID-19-induced lockdown, Sub-Saharan Africa…

Read More

Hubtel partners Visa for seamless payments of its eCommerce platform

GHANA – Hubtel, an indigenous eCommerce & SMS messaging company, has entered into a partnership with Visa, to expand access to seamless payments on its eCommerce platform. This partnership with Visa provides consumers with access to more merchant services on Hubtel’s eCommerce platforms. It also allows Hubtel to explore further innovative payment services such as “tap to phone,” amongst others, to reduce the dependency on cash, especially among small businesses. “Payments are the core of our business which is why we have collaborated with Visa to continue delivering convenient, secure…

Read More

Visa Pledges to achieve net-zero emissions by 2040

WORLD – Global payments technology company Visa, has announced a new global commitment to reach net-zero emissions by 2040, and that it achieved carbon neutrality across its operations in 2020. Visa also outlined plans to become a climate-positive company through new partnerships and expanded initiatives to support sustainable commerce and the transition to a low-carbon economy beyond the company’s own footprint.   “Visa is committed to creating a more sustainable future,” said Al Kelly, chairman and chief executive officer of Visa. “Our new net-zero commitment and enhanced efforts across our…

Read More

Ethiopia’s Dashen Bank partners Visa to launch an e-commerce platform

ETHIOPIA – Financial institution Dashen Bank has announced that it will launch Amole e-commerce gateway using Visa Cyber Source infrastructure to acquire Visa, Mastercard and American Express cards. The Amole e-commerce gateway will be the first e-commerce gateway in Ethiopia to accept all three major international cards with the promise to expand by acquiring and developing additional digital payment methods. The e-commerce was launched in cooperation with Moneta Technologies, a fintech company fully owned by Kenya’s Fettan Holdings Limited which operates Dashen Bank’s digital wallet system, Amole, and Visa. Speaking…

Read More

Visa appoints Maurice Newa as new managing director for Southern Africa cluster

SOUTH AFRICA – Global payments group Visa, has appointed Maurice Newa as the new managing director of the Southern Africa cluster, a statement from the group has said. Newa would be responsible for the development and implementation of Visa’s growth strategy in the region and report to Aida Diarra, senior vice-president, and head of sub-Saharan Africa, and would be part of the sub-Saharan Africa leadership team. Prior to joining Visa, Newa worked at Vaya Technologies, an Econet Group subsidiary, where he was chief executive. He brought to Visa over 25…

Read More

UCB launches first ever visa card in Sudan as symbol of reintegration in global economy

SUDAN – United Capital Bank (UCB), one of the leading financial institutions in Sudan that offers a wide range of financial products and services to corporates, has launched the first ever visa card in the country. Sudanese Prime Minister, Dr. Abdalla Hamdok, hailed the first Visa card issued in Sudan as a symbol of Sudan’s long-awaited reintegration in the global economy. The card issued by United Capital Bank (UCB), was presented to Hamdok by Yousif Ahmed El-Tinay, CEO and General Manager of UCB. Dr. Hamdok expressed his appreciation of the…

Read More

MPesa, Visa partner to enable international payments

KENYA – Mobile phone-based money transfer, payments and micro-financing service provider,  MPesa has partnered with Visa, the world’slargest retail electronic payments company, to enable Mpesa users to make payments on e-commerce sites like Amazon, send money internationally, and make cross-border payments. According to a report by Citi, “M-Pesa is a principal license holder of Visa, in the same way financial institutions would be.” The partnership aims to enable tourists visiting Kenya to use MPesa in Kenya by downloading an app. Similarly, Mpesa users travelling abroad should be able to use MPesa to…

Read More

Credit Bank partners Visa to launch multi-currency pre-paid card

KENYA – Credit Bank Plc in partnership with Visa have announced the launch of a multi-currency prepaid card, aimed at providing consumers with an excellent alternative banking card that allows safe and secure seamless electronic transactions.   Credit Bank’s Konnect Prepaid Card will be a contactless Touch and Go card that can be used to shop, dine, fuel, and pay for services anywhere in the world. The card is Chip and PIN – enabled for secure online transactions and is ideal for everyday payments like utility payments, as well as when…

Read More