Visa announced a $1 billion investment in Africa over the next five years at the US-Africa Business Forum. Investment will aid in the advancement of resilience, innovation, and inclusiveness throughout the continent. Visa’s increased investments demonstrate the company’s long-term commitment to Africa’s potential for growth.

Visa will help to increase access to digital payments in Africa and expand financial inclusion through its services to individuals and merchants.

For the first time, Visa has established local operations in the Democratic Republic of the Congo, Ethiopia, and Sudan to support and strengthen the local financial ecosystem.

Visa has established ten offices in Africa from payments  facilities will be provided in all fifty four countries.

According to Visa executives, the investment will expand Visa’s operations in Africa and deepen collaboration with strategic partners in Africa such as governments, financial institutions, and other ecosystem players.

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