Payments processor Visa has joined the number of investors who have rushed to the field this year by launching a $100 million venture fund for start-ups using generative artificial intelligence. After chatbot ChatGPT’s success, a number of well-known companies, including Microsoft and Google, have backed the AI sector, which has been a hot topic in…
The African Women Impact Fund Initiative (AWIF), a partnership between Standard Bank and the United Nations Economic Commission for Africa (UNECA), has chosen three women fund managers from Nigeria, Kenya, and South Africa to receive Visa’s award financing. The chosen winners are SME.NG (Nigeria), Altree money (Kenya), and Maia Capital (South Africa). They will use…
In order to give youth-led and e-commerce firms in Africa the tools, training, and resources they require to improve their financial skills, the International Trade Centre (ITC) and Visa have partnered. The collaboration makes use of both ITC’s efforts to empower young people in trade through the use of appropriate digital tools and Visa’s broad…
In the coming 12 months, Visa plans to roll out specific Kenyan variants of its Visa Everywhere Initiative and She’s Next global financial innovation and women’s empowerment programs. In collaboration with financial institutions, Visa’s She’s Next program will be introduced in Kenya in 2023 with a focus on helping female entrepreneurs with their fundraising and…
Visa, a global payments company, has pledged to invest $1 billion in Africa over the next five years. The announcement was made at the ongoing US-Africa Business Forum in Washington, DC, alongside the US-Africa Leaders’ Summit. Visa has ten African offices from which it accepts payments in all 54 countries. The financial services provider says…
The world’s leading provider of digital payments, Visa, and Geidea, an Egyptian Fintech business, have announced a strategic agreement to offer Geidea’s cutting-edge payment solutions to the Egyptian market. To provide smooth and secure payment options for merchants and SMEs across the nation, Visa will invest in enhancing existing payment solutions using Geidea’s Point-Of-Sale terminals….
The African Women Impact Fund (AWIF), a partnership between Standard Bank and the United Nations Economic Commission for Africa, has been awarded funding by Visa as of today (UNECA). The award will be used to meet the working capital requirements of 55 women who responded to AWIF’s call to action and have been a part…
The latest development in Visa’s Practical Business Skills (PBS) initiative, which offers potential partners integration and co-branded opportunities to contribute to business transformation and empowerment, is their partnership with Trace Academia, a mobile-based learning application that aims to enable 26 million youth across Africa. The collaboration provides a free online learning platform with a variety…
Visa, a global leader in digital payments, announced the opening of a new Innovation Studio in Nairobi, Kenya, today. Its first dedicated innovation site in Sub-Saharan Africa is the studio (SSA). This facility will service the Sub-Saharan Africa area, according to a news release, and will join Visa‘s network of innovation centers, which have been…
Visa has announced its Everywhere Initiative (VEI) program, which is a global open innovation program that will allow fintech and payment startups to showcase their innovative products and solutions. The overall prize money is $100,000, with second and third place winners receiving $20,000 and $10,000, respectively. One winner from each region will be chosen to…
Visa, the world’s largest payment processor, launched a global crypto advisory service for clients such as banks and merchants on Wednesday, as the adoption of digital currencies accelerates. Visa’s move comes amid unprecedented investor demand for cryptocurrency services, and the company’s latest offering is aimed at financial institutions looking to attract or retain customers with…
American multinational financial services corporation, VISA Inc is currently undergoing expansion of its Fintech Fast-Track Programme in Central and Eastern Europe, Middle East and Africa (CEMEA) region in an effort to develop the future game changers in digital payment solutions. Already existing in Europe, Latin America and Asia Pacific, the programme offers innovative Fintechs with…