At the United States-Africa Business Forum, Visa announced its commitment to invest $1 billion in Africa over the next five years to advance resilient, innovative and inclusive economies across the continent. Visa’s increased investments demonstrate the company’s long-term commitment to Africa’s growth potential.
They will help enable greater access to digital payments as an entry point for the expansion of formal financial services for individuals and merchants.
Visa Chairman and CEO Alfred F. Kelly, Jr. presented this commitment at the United States-Africa Business Forum, concurrent with the United States-Africa Leaders Summit in Washington, DC. This engagement will further expand Visa’s operations in Africa and deepen collaboration with strategic partners, including governments, financial institutions, mobile network operators, fintechs and merchants.
Investments will also focus on strengthening the payment ecosystem through new innovations and technologies, supporting the digitalization of economies and investing in upskilling, talent development and capacity building.
