Visa Highlights Key Innovation Capabilities That Will Drive Financial Inclusion in SSA

Friday,
June 25, 2021 / 05:00PM / VISA / Header Image Credit: IAS Express

Visa (NYSE:
V), the world leader in digital payments, showcased key innovation capabilities
that will accelerate financial inclusion in Sub-Saharan Africa. Hosting
industry stakeholders at an event focused on innovation, the company
highlighted co-creation as an essential component in developing market-ready payment
solutions to accelerate access to financial services.

Speaking during the 2021
Visa Africa Innovation for Inclusion Summit, Aida Diarra, Senior Vice President
& Group Country Manager for Sub-Saharan Africa at Visa, said that over the last
decade Visa has taken a keen focus in collaborating with key players across the
payments landscape to enable access to digital payments. “We continue to partner with leading
players in Sub-Saharan Africa including banks, fintechs, neobanks and telecommunications
companies to enable new payment experiences that accelerate inclusion across
the region,” said Diarra.

“Some of
our latest partnerships are leveraging the power of mobile as an access point
to financial inclusion, including a partnership to develop products that will
expand access to digital payments at scale for over 30 million mobile money
customers .We are also driving access for small businesses through the launches
of tap to phone and an exciting pilot that will serve as a solution to help
small business owners digitize their business, covering payments, point of sale
and access to credit, via a mobile device”, she added.

Visa’s Head of Innovation
and Product Design, Central Europe, Middle East and Africa (CEMEA). Akshay
Chopra, spoke about the capabilities necessary to accelerate future payment
experiences and solve real consumer and merchant needs.

“To foster real inclusion
we need tangible, customer-centric solutions that, with our innovation and
design centre capabilities, our partners have a chance to engage with key
trends and the latest Visa technologies through a number of design processes to
identify where the gaps and opportunities are,” said Chopra.

“The pandemic has
challenged us to think of new ways to still deliver on our innovation mandate.
Since the onset of COVID-19, we have delivered over 120+ engagements remotely, through
our team that has built deep expertise in running productive engagements
regardless of location” he added.

Kindly share and stay connected with us on our platforms HERE

You can also subscribe to our NEWSLETTER