The agreement is aimed at encouraging the development of a digital payments ecosystem for both individuals and businesses, who will see the new service adopted across 15 African countries, where the two companies operate.
According to The Star, almost 80% of most retail transactions are in cash, while the other 20% percent is mobile money and card transactions in the region.
Earlier in November 2018, Visa has teamed up with banks in Ghana to launch Visa-on-mobile, a mobile payment service, in the country.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright