Visa Inc is committing to invest $1 billion in Africa over the next five years to advance digital transformation across the continent.
“Visa has been investing in Africa for several decades to grow a truly local business, and today our commitment to the continent remains as firm and unwavering as ever,” the Visa CEO shared.
“Every day, Visa supports digital commerce and money movement in every country across the continent, and Africa remains central to Visa’s long-term growth plans. We look forward to continuing to work closely with our partners to advance the financial ecosystem, accelerate digitization and build resilient, innovative, and inclusive economies that will create shared opportunity and further spur Africa’s digital economy.”
“Africa is experiencing an unprecedented digital acceleration, with a growing number of consumers, merchants and businesses realizing the benefits of secure and convenient digital payments to fuel commerce and money movement,” said Aida Diarra, the senior vice president of Visa Sub-Saharan Africa, in a press release.