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

Visa appoints Eva Ngigi-Sarwari as new country manager for Kenya

KENYA – Global payments technology company, Visa has appointed Eva Ngigi-Sarwari as its new Country Manager for Kenya. Eva will serve as the Senior Business Development Leader and Country Manager for Kenya, reporting to Corine Mbiaketcha, Vice President and General Manager for Visa in East Africa and will be part of the East Africa Leadership team. “She will be responsible for the development and implementation of our growth strategy in Kenya and her appointment is in line with Visa’s vision to continue to build a solid regional team by matching…

Read More

Nigerian fintech startup Sparkle partners Visa to enhance payment flexibility for customers

NIGERIA – Nigeria-based fintech startup has partnered with American financial services to provide customers with Visa Cards for enhanced flexibility when making payments. Under the strategic collaboration with Visa, Sparkle customers will be able to make in-app payments with the embedded Visa virtual card. They will also be able to make e-commerce payments with the virtual card or with Visa-branded companion plastic cards attached to their Sparkle profile. Sparkle customers will also benefit from a range of other digital payments initiatives from Visa which include scanning the interoperable EMVCo Quick…

Read More

Safaricom partners with Visa to develop products for merchants and MPESA customers

KENYA – Safaricom and digital payments firm Visa have announced a partnership that will enable the development of products that will support digital payments for M-PESA customers.  The partnership will cover over 24 million M-PESA customers, more than 173,000 Lipa Na M-PESA merchants from Safaricom.  It will also cover more than 61 million merchant locations throughout Visa’s global network, and over 3.4 billion Visa cards in more than 200 countries and territories, subject to regulatory approval.  “We are delighted to partner with Visa in exploring products that will support both…

Read More

2019 Africa Visa Openness Index brings good news to African business and leisure travelers

AFRICA – For the first time, Africans can travel to approximately 27 countries visa-free or with a visa on arrival. This is according to the 2019 Africa Visa Openness Index published by the African Union Commission and African Development Bank.  Ethiopia which had for a long time closed its borders to other African nations moved up a record 32 places on the Index, entering the top 20 most visa-open countries in Africa.  The Visa openness Index report, which was released in Johannesburg, South Africa on the sidelines of the Africa…

Read More

African fintech firm’s tremendous growth potential attracts backing from global payment companies

NIGERIA – African fintech firms are increasingly becoming an attractive investment destination for global payment companies. The fundamental importance of the services that fintech companies provide underlines why the sector holds long-term appeal for global payment companies such as Visa, PayPal and MasterCard. Fintech firms offer a wide range of financial services including; powering payments, facilitating savings and ensuring financial inclusion for the unbanked to tackling access to credit for small businesses and individuals. The move by visa to pay $200 million for a 20% stake in Nigeria’s Interswitch is…

Read More