Visa Establishes DRC Office With Intention to Revolutionize Digital Payment

Visa, an international technology-backed payment processing company has announced its plans to set up local business operations in the Democratic Republic of Congo, (DRC) as it attempts to expand the offering of its digitally enabled payment services in the country.

While Al Kelly, CEO and Chairman, of Visa, visited DRC, the company officially opened its Kinshasa office and went into a series of partnerships in the country.

It is estimated that only a quarter of the population of DRC is included in the fintech ecosystem, To further revolutionize the country’s digital payment ecosystem, Visa brought together stakeholders from different sectors (public and private) to confer about the opportunities abound.

According to reports, the firm has gone into a partnership for three years with Fonds de Promotion Microfinance, FPM, which gives Visa the ability to allocate about One Million Dollars toward financial education programs for mobile money operators, cooperatives and learning institutions.

Visa partnering immediately it touches the ground in DRC, the partnership is meant to give Visa’s customers ingress to the digital economy through the introduction of payment credentials and solutions to assist many businesses to embrace digital payments.

While giving insight into the expansion, Kelly stated, “Visa’s purpose is to uplift everyone, everywhere by being the best way to pay and be paid, which we accomplish when we include more consumers and merchants in the financial system. This plays a critical role in enabling lasting prosperity, and we look forward to introducing new programs, initiatives and partnerships that can help further accelerate economic and societal progress.”

The company also mentioned its intention to introduce developments that will include Vodacom-launched programs aimed at promoting financial inclusion and job creation for women with disabilities.

Aida Diarra, Senior Vice President and Head of Sub-Saharan Africa at Visa also stated, “We look forward to partnering to support the fast-growing financial ecosystem in DRC while leveraging our payments network to enable both local consumers and businesses to thrive.”