Tag: Visa

  • U.S. Embassy removes drop box option for Nigerian visa renewal applicants

    U.S. Embassy removes drop box option for Nigerian visa renewal applicants

    The United States visa renewal process has undergone a major change with the removal of the drop box visa processing option for Nigerian applicants

    The move is coming on the heels of Donald Trump‘s immigration policy which has had significant impact globally.

    The feature that permitted holders of expired visas to renew their visas without a face-to-face interview has been scrapped.

    The drop box feature on the appointment booking portal is no longer available, according to applicants trying to schedule visa renewals, even though the U.S. Embassy in Nigeria has not yet released an official announcement on the change.

    Read also: Mauritania adopts e-visa system to modernise international travel

    U.S. visa applications tedious process

    This development coincides with a backlog of visa applications, as many applicants had to wait months to get appointments for drop boxes prior to this removal.

    Some people even complained that they had to wait almost a year to schedule a face-to-face session, which made the already onerous process even more frustrating.

    This adjustment was made at a time when many applicants were already having trouble getting an in-person visa appointment due to lengthy wait times, some of which may last up to a year.

    Many applicants sought alternatives in Abuja as a result of the lack of Dropbox appointment slots in Lagos as of January.

    Back to in-person interviews 

    All applicants must now undergo in-person interviews as the drop box feature has been completely removed, reverting to the procedure used prior to 2020.

    Originally designed to streamline the visa renewal procedure, the drop box (Interview Waiver) program in Nigeria permits certain applicants to submit their documents without physically attending an interview at the U.S. Embassy.

    For applicants to be eligible, they needed to fulfil certain requirements, such as:

    Being in possession of a previous U.S. visa that has expired in the last 24 months.

    The previous visa must have been a multiple-entry, full-validity visa issued in Nigeria.

    Requesting a visa in the same category as the one that was previously granted.

    No felony convictions in the United States, labour without permission, or overstaying history.

    In August 2020, during the COVID-19 pandemic, the Department of State extended eligibility, enabling individuals whose visas had expired within 48 months to apply using the drop box option.

    During the pandemic, this technique sought to decrease in-person interactions and expedite visa renewals.

    Removal of U.S. visa applications drop box during Donald Trump’s first term

    Read also: Thailand launch e-Visa application for Nigerians, Ghanaians, other African nations

    Nigeria’s drop box service has, however, been suspended in the past.

    Citing worries over Nigerian travellers overstaying their visas, the U.S. government eliminated the option in 2018, during Donald Trump’s first term.

    Due to the U.S. mission’s requirement at the time that all candidates undergo in-person interviews, processing periods were prolonged and visa appointments were delayed.

    Nigerians wishing to apply for American visas will now have to undergo in-person interviews instead of the drop box function, which has resulted in longer wait periods.

    Students, frequent tourists, and business travellers who previously depended on the drop box method for quicker renewals may be greatly impacted by this policy change.

  • X partners with Visa to power X Money wallet, peer-to-peer payments

    X partners with Visa to power X Money wallet, peer-to-peer payments

    Elon Musk’s X has taken another bold step toward becoming an “everything app” by announcing a partnership with Visa to enhance the platform’s upcoming X Money service.

    The collaboration, revealed on Tuesday by CEO Linda Yaccarino, establishes Visa as the first partner to integrate with X Money, which is set to launch later this year.

    Read also: Visa partners with Attijariwafa Bank to bolster Morocco’s digital payments system

    Visa to power X Money’s core functions

    X Money will feature a digital wallet allowing users to fund their accounts, make peer-to-peer payments, and seamlessly transfer money to their bank accounts. Through Visa Direct, Visa’s real-time money transfer solution, X users can connect their debit cards to X Money for instant transactions.

    While Visa has partnered with X to power these functionalities, the platform itself remains in development. The announcement reflects Musk’s vision to transform X into a financial ecosystem where users can manage their “entire financial world” on the platform, a vision he first introduced after acquiring Twitter in 2022 for $44 billion and rebranding it as X.

    Can X Money compete with established digital payment systems?

    The digital payments space is fiercely competitive, with players like PayPal, Apple Pay, and Google Pay dominating the market. Musk’s X Money will have to overcome significant challenges to carve out its niche.

    Read also: BCP partners with Visa to transform Africa’s payment ecosystem

    Since the acquisition, X has secured money transmitter licenses in over 40 U.S. states, signalling its commitment to building a robust financial backbone. However, critics question whether the platform can effectively compete with well-established players while navigating potential regulatory scrutiny and user privacy concerns.

    While the convenience of an all-in-one platform might appeal to some users, others remain wary of the risks associated with centralising financial and social services under one corporate entity. Concerns about data security, privacy, and user service monopolisation loom as X pushes ahead with its plans.

    X Money can redefine how people interact with financial services on social platforms, particularly for creators. However, whether it will emerge as a revolutionary tool or a polarising experiment in overreach remains to be seen. Musk’s bold vision for X continues to spark excitement and scepticism, leaving the future of X Money shrouded in uncertainty.

  • Moniepoint, Visa partner to foster SMEs’ growth across Africa

    Moniepoint, Visa partner to foster SMEs’ growth across Africa

    Visa, a multinational payment corporation, has made a strategic investment in Nigerian fintech unicorn Moniepoint to support its growth across Africa and provide businesses with cutting-edge payment solutions.

    The business’s highly successful $110 million series C capital round, which increased its valuation to over $1 billion in October 2024, preceded this investment.

    In a statement released on Thursday, the nine-year-old fintech said the relationship combines Visa’s worldwide resources and capabilities with its creative business strategy and local knowledge.

    Read also: Visa, Naps partner to enhance financial inclusion in Morocco

    By accelerating African SMEs’ digital transformation, both companies want to promote financial inclusion and sustained economic growth.

    The company attributed its status as a major participant in the African fintech industry to its solid operational and financial history.

    Mission to digitise and support African businesses 

    Founder and Group CEO of Moniepoint Inc., Tosin Eniolorunda, said, “Visa’s backing is a strong endorsement of our vision to digitise and support African businesses at scale.”

    “Together, we aim to deepen financial inclusion, enabling SMEs to access the tools and resources they need to thrive in an increasingly digital economy,” he adds.

    “Given that, about 83 percent of employment across Africa is in the informal economy, we are very keen to widen access and participation in the formal financial system and drive economic growth across Africa,” he emphasised.

    He continued, “Visa’s expertise in global payments and Moniepoint’s proven ability to serve African businesses make this partnership an exciting opportunity in shaping the continent’s economic future even as we pave the way for a more inclusive and dynamic financial ecosystem.”

    “We are delighted to join forces with Visa to enhance the digital payment infrastructure, expand financial services, and foster innovation in Africa,” he concluded.

    Read also: Visa partners with Attijariwafa Bank to bolster Morocco’s digital payments system

    Commitment to advance digital economies in Africa 

    Andrew Torre, Visa’s Regional President for Central and Eastern Europe, Middle East, and Africa, said that Moniepoint has created a remarkable platform that directly meets the needs of SMEs in Africa, a crucial sector for promoting economic growth.

    He claimed that Moniepoint is contributing to a revolution in company operations in Nigeria and abroad by increasing the efficiency and accessibility of digital payments and financial services.

    He said, “We are excited to support their next phase of growth and innovation. Visa’s investment in Moniepoint is the latest example of our long-standing commitment to advancing digital economies in Africa.”

    “We will enable even the smallest businesses to thrive through innovative payment and software solutions that allow SMEs to scale and open new revenue opportunities while streamlining their operations,” Torre noted.

  • Visa, Naps partner to enhance financial inclusion in Morocco

    Visa, Naps partner to enhance financial inclusion in Morocco

    Visa and Naps announced a strategic partnership on Friday to promote financial inclusion and fast track the implementation of digital payments in Morocco.

    This partnership aligns with Naps’ mission to make electronic payments accessible to the Moroccan populace.

    This alliance intends to modernise payment methods and assist the Moroccan economy’s digital shift by fusing Visa technology with NAPS’ local knowledge.

    Read also: Visa partners with Attijariwafa Bank to bolster Morocco’s digital payments system

    By providing creative and user-friendly digital payment solutions, the partnership also aims to advance financial inclusion and digital transformation in Morocco.

    Furthermore, the partnership strives to improve the nation’s digital environment while addressing the needs of underbanked communities.

    The collaboration also aims to ensure dependable and quick digital payments while bolstering Morocco’s digital transformation with creative, high-value solutions catered to the demands of critical sectors.

    Visa’s partnership with Attijariwafa Bank to transform Morocco’s digital payments ecosystem 

    In a similar vein, Techpression reported the partnership between Visa and Attijariwafa Bank on Tuesday to improve Morocco’s digital payments ecosystem and bolster the bank’s leadership in technical innovation.

    While announcing the partnership on Tuesday, Visa said, “We’re excited to announce our partnership with Attijariwafa Bank to shape the future of payments in Morocco. This strategic alliance combines Visa’s cutting-edge expertise with Attijariwafa bank’s pioneering vision to set new standards of excellence for individuals, professionals, and businesses.”

    “Together, we aim to drive innovation, advance digital transformation, and foster a more inclusive and competitive economy,” the statement added.

    With this new development, it signifies Visa’s rapid trust and acceptance in offering innovative solutions to transform Morocco’s financial sector and shaping the future of payment systems in the country.

    Read also: BCP partners with Visa to transform Africa’s payment ecosystem

    About Naps 

    Naps specialises in safe electronic payment methods and services in Morocco. It develops new ways to make electronic payment systems practical and available to the Moroccan populace.

    Naps offers the newest technology for a cutting-edge and completely safe payment experience, regardless of one’s status as an individual, merchant, professional, or business.

    Naps satisfies the demands of all users and strives to generalise the digitisation of services and payments in all sectors and parts of everyday life with its creative Electronic Payment Terminal (EPT) acquisition and e-commerce solutions for retailers and its payment card products for individuals and businesses.

  • Visa partners with Attijariwafa Bank to bolster Morocco’s digital payments system

    Visa partners with Attijariwafa Bank to bolster Morocco’s digital payments system

    Visa and Attijariwafa Bank have partnered strategically to improve Morocco’s digital payments ecosystem and bolster the bank’s leadership in technical innovation.

    “We’re excited to announce our partnership with Attijariwafa Bank to shape the future of payments in Morocco. This strategic alliance combines Visa’s cutting-edge expertise with Attijariwafa bank’s pioneering vision to set new standards of excellence for individuals, professionals, and businesses,” Visa announced in a statement on Tuesday.

    “Together, we aim to drive innovation, advance digital transformation, and foster a more inclusive and competitive economy,” the statement added.

    Read also: GCB Bank Ghana unveils premium Visa cards with access to 1,200+ airport lounges, exclusive luxury benefits

    According to a statement from Attijariwafa Bank,

    A similar statement from Attijariwafa Bank explained that the partnership will fulfil the changing needs of clients and expedite projects in new payment technologies.

    “By combining Visa’s cutting-edge expertise and Attijariwafa Bank’s strategic vision, this collaboration aims to establish new standards of excellence in the service of individuals, professionals and businesses,” it states.

    Visa – Attijariwafa bank partnership promotes usage of electronic payments

    With an emphasis on customer-focused services, this collaboration promotes the usage of electronic payments and solidifies Attijariwafa Bank’s standing as a significant participant in the Moroccan financial sector, all the while guaranteeing safe transactions and cutting-edge applications.

    Read also: BCP partners with Visa to transform Africa’s payment ecosystem

    “Through this partnership, we reaffirm our central role in the modernisation of the Moroccan financial ecosystem, actively contributing to the acceleration of digitalization and the promotion of a more inclusive and competitive economy,” Hassan El Bedraoui, Deputy Managing Director of Attijariwafa Bank, said.

    According to Leila Serhan, company Country Manager for Visa in North Africa, the Levant, and Pakistan, her company and the bank have great goals for the future of Morocco’s digital payments market and its enormous growth potential.

    “Together, we are pushing the boundaries of payment technology to offer innovative solutions to all segments of the population and shape the future of payment services in Morocco,” she emphasised.

  • GCB Bank Ghana unveils premium Visa cards with access to 1,200+ airport lounges, exclusive luxury benefits

    GCB Bank Ghana unveils premium Visa cards with access to 1,200+ airport lounges, exclusive luxury benefits

    GCB Bank PLC, has introduced the special GCB Visa Infinite and Visa Signature cards in collaboration with Visa, a world leader in digital payments. This was announced by the Ghana’s largest commercial bank on Saturday.

    By providing a first-rate and easy banking experience, this partnership seeks to satisfy the changing needs of Ghana’s professionals, entrepreneurs, and frequent tourists.

    Read also: Ghana, India sign MoU to drive space-based solutions for development

    Benefits of the Visa Infinite and Signature cards 

    These new cards, which cater to high-value clients, offer customised perks like access to more than 1,200 airport lounges across the globe, round-the-clock concierge services for travel and lifestyle requirements, and special discounts with merchant partners.

    These characteristics ensure convenience and luxury both locally and internationally by catering to the unique spending habits and tastes of affluent individuals.

    This collaboration demonstrates GCB Bank’s dedication to providing top-notch financial products.

    Kofi Adomakoh, Managing Director of GCB Bank, emphasised the bank’s commitment to innovation and customer-focused services, saying, “Collaboration is at the heart of the GCB brand. By partnering with Visa, we are enhancing our channels and leveraging technology to provide greater convenience to our customers, reinforcing our commitment to being their Bank for Life.”

    Mr. Adomakoh also highlighted how GCB Bank’s vast network of 184 branches, 340 automated teller machines, and online platforms make it simple for clients to acquire financial services and products.

    He pointed out that the launch of these high-end Visa cards will increase GCB’s digital products and provide better accessibility for clients worldwide.

    Read also: Ghana’s telecom industry decries surge in fibre optic cable cuts, losing $17 million in 2024

    “The premium cards offer a new level of luxury, convenience and security” 

    Visa Ghana’s Country Manager, Fabrice Konan, also expressed enthusiasm for the collaboration, stating, “These cards offer a new level of luxury, convenience, and security. Our partnership with GCB Bank empowers high-value customers with tailored benefits, reflecting our commitment to delivering innovative and world-class solutions.”

    Millions of retailers throughout the world accept the GCB Visa Infinite and Visa Signature cards, which enable cashless transactions wherever consumers go.

    These cards are the perfect option for Ghana’s affluent clientele since they offer unique perks like priority privileges, individualised concierge services, and comprehensive travel insurance.

    The cards set a new standard for smart financial solutions.

  • Visa Africa Fintech Accelerator hosts 23 fintech startups to pitch to investors in Cape Town 

    Visa Africa Fintech Accelerator hosts 23 fintech startups to pitch to investors in Cape Town 

    Visa recently hosted its second Demo Day for the Africa Fintech Accelerator program, bringing together 23 pioneering fintech startups in Cape Town, South Africa.

    The event provided a platform for these startups to pitch their innovative solutions to an audience of venture capitalists, angel investors, business partners, and ecosystem enablers.

    Read also: Innovative corporate cards: Swypex, Visa modernise business payments in Egypt

    Celebrating African innovation

    Aida Diara, Senior Vice President and Head of Visa Sub-Saharan Africa, commended the participants for their ingenuity and transformative ideas. “I am incredibly impressed by the innovative solutions presented by the startups. Their creative approaches to solving financial challenges are truly inspiring. We are immensely proud to support these fintech pioneers, who are driving digital transformation and showcasing remarkable potential for growth and scalability,” Diara said.

    The Demo Day marked the culmination of a 12-week intensive program designed to equip startups with training, mentorship, and networking opportunities. It featured pitches from three batches of startups representing regions across Africa, including West Africa, North Africa, and Southern Africa.

    A platform for growth and collaboration

    Visa’s Africa Fintech Accelerator program is an initiative aimed at supporting Seed to Series A startups in scaling their operations. Launched in 2023, the program offers one-on-one mentorship, funding opportunities, and strategic partnerships, aligning with Visa’s broader commitment to invest $1 billion in Africa by 2027.

    To date, the accelerator has empowered 45 startups, providing resources and tools to enhance their innovations and drive financial inclusion across the continent. Demo Day is a pivotal moment for participants, offering exposure to key ecosystem players and opportunities to forge partnerships that can propel their growth.

    Read also: Kenyan students present flood mitigation solution at LEAP Digital Talent Camp in China

    Expanding impact and inclusivity

    The third cohort of the program kicked off on November 5 in Abidjan, Côte d’Ivoire, with 19 startups operating across 21 African countries. Notably, 85 percent of these startups feature female leadership—a significant increase from 43 percent in the inaugural cohort and 65 percent in the second. This reflects Visa’s ongoing commitment to fostering inclusivity and empowering women in fintech.

    Visa’s Africa Fintech Accelerator is more than just a program; it is a transformative initiative that underscores the company’s dedication to Africa’s digital transformation. By nurturing talent and providing a robust support framework, Visa continues to champion the innovations shaping the future of financial services on the continent.

    This commitment to growth, inclusivity, and innovation positions Visa as a key driver in Africa’s journey towards greater financial inclusion and technological advancement.

  • Innovative corporate cards: Swypex, Visa modernise business payments in Egypt

    Innovative corporate cards: Swypex, Visa modernise business payments in Egypt

    Swypex and Visa launched their partnership on Monday, which will transform business payments in Egypt. This alliance is more than just a commercial agreement; it’s a big step towards modernising the financial environment for small businesses.

    In a country where many businesses still rely on traditional banking methods, this partnership aims to provide innovative solutions that simplify financial management and enhance efficiency. 

    Ahmad Mokhtar, the CEO of Swypex, expressed his excitement about this venture, stating, “This partnership is set to redefine financial management for Egyptian businesses.”

    Together, Swypex and Visa are poised to empower businesses and help them thrive in an increasingly competitive environment.

    Read also: Tranglo expands to Africa, brings cross-border payments to 7 nations

    Empowering Egyptian businesses

    The partnership will introduce smart corporate cards offering real-time visibility and transaction control. These cards are designed to meet the specific needs of Egyptian businesses, providing them with tools that enhance their operational efficiency. 

    Mokhtar explained the importance of this initiative, saying, “We are committed to enhancing financial inclusion and supporting businesses in their growth journey.” The focus on scalability and security will allow companies to manage expenses effectively while reducing the complexities associated with traditional banking.

    Features of the new payment system

    Swypex’s corporate cards will enable users to:

    • Monitor transactions instantly.
    • Set customisable spending limits to prevent misuse.
    • Access dedicated support for any inquiries.

    Read also: AfriGO, OPay’s alliance to transform Nigeria’s digital payment ecosystem

    These features simplify business operations and empower companies to make informed financial decisions. As Mokhtar highlighted, “Our goal is to provide businesses with the tools they need to succeed in today’s fast-paced market.” 

    This partnership marks a significant step towards modernising Egypt’s financial landscape, making it easier for businesses to thrive and adapt in a competitive environment.

    Swypex’s collaboration with Visa promises to transform how businesses in Egypt manage their finances. By leveraging innovative technology and a customer-centric approach, this partnership aims to create a more inclusive and efficient financial ecosystem that supports growth and development across the country.

  • 19 African startups selected for Visa’s 2024 Fintech Accelerator Program, with a Focus on Women in Leadership

    19 African startups selected for Visa’s 2024 Fintech Accelerator Program, with a Focus on Women in Leadership

    Visa on Monday announced that 19 African startups have been selected for the third cohort of its Visa Africa Fintech Accelerator program. These startups, representing 21 countries and spanning sectors such as embedded finance, SME lending, and digital banking, highlight the continent’s vibrant fintech landscape.

    Empowering female leadership

    One of this cohort’s most notable characteristics is its remarkable representation of women in leadership positions—85 percent of the chosen firms had female leaders. This is a noteworthy rise over prior cohorts and highlights the expanding role of women in Africa’s innovation ecosystem.

    Read also: Visa backs African fintech startups OkHi, Oze, Orda and Workpay with $1 billion

    Comprehensive support for startups

    The Visa Africa Fintech Accelerator, now in its third year, is a demanding 12-week program that gives businesses the tools, resources, and strategic connections they need to succeed. 

    Participants gain access to Visa’s broad network and professional advice, which promotes cooperation with business titans to improve their solutions and increase impact.

    Showcasing innovations on demo day

    At the program’s private Demo Day, innovators showcase their innovations to investors and business executives. Startups can use this event to build strategic alliances, raise capital, and increase awareness.

    The Visa Africa Fintech Accelerator, introduced in 2023, provides investment opportunities and rigorous mentorship to up to 45 businesses each year. In Africa, the initiative develops scalable fintech solutions, encourages innovation, and advances financial inclusion.

    Meet the startups of Cohort 3

    Participants for this year include:

    Read also: Visa supports four African startups to boost financial inclusion

    MoneyHash (Egypt): A payment API aggregator simplifying financial transactions.

    WafR (Morocco): A digital wallet for informal merchants.

    Block Markets Africa (South Africa): Tokenising assets to create open financial markets.

    Jabu (Namibia): Digital cash management solutions for Southern Africa.

    Ordev (South Africa): Middleware integrating digital services for retail and hospitality.

    Sticitt (South Africa): Simplifying school-related payments.

    Bumpa (Nigeria): Digital commerce solutions for retail and D2C businesses.

    Kredete (Nigeria): A lending marketplace for borrowers and lenders.

    Enza (Egypt): A platform enhancing SME engagement for banks.

    Moneco (Algeria): A neobank connecting Africa and Europe for diaspora banking.

    PaySika (Cameroon): Central Africa’s first challenger bank.

    WeWire (Ghana): A B2B cross-border payments solution.

    NearPays (Nigeria): A payment platform for tracking cash flow.

    Credable (Kenya): A digital banking platform enabling financial institutions to embed financial services.

    Fixa (Rwanda): An end-to-end staffing solution for deploying blue-collar workers.

    Kacha (Ethiopia): Ethiopia’s first licensed private payment platform offering mobile money services.

     Melanin Kapital (Kenya): A carbon neobank providing green loans and carbon credits.

     Umba (Kenya): A digital microfinance bank serving Kenya and Nigeria.

     Zendawa (Kenya): An embedded finance solution for neighbourhood pharmacies.

    These organisations are poised at the cutting edge of African fintech innovation, offering unique solutions to the financial sector’s various challenges. 

    By participating in the Visa Africa Fintech Accelerator program, these innovators are in a favourable position to significantly contribute to the continent’s initiatives to promote financial inclusion and economic growth.

  • Visa backs African fintech startups OkHi, Oze, Orda and Workpay with $1 billion

    Visa backs African fintech startups OkHi, Oze, Orda and Workpay with $1 billion

    The growing push for financial inclusion in Africa has attracted another major investment. Visa, world’s second-largest card payment processor, on November 5 committed $1 billion to four fintech startups to promote innovation, service accessibility and the expansion of fintech services across the continent. The enormous investment demonstrates Visa’s confidence in Africa’s financial potential to generate substantial returns. 

    The four companies are OkHi, an innovative startup utilising AI for address verification services; Oze, a Ghanaian business banking platform; Orda, a Nigerian startup focused on restaurant technology solutions; and WorkPay, a Kenyan HR and payroll administration company. 

    They emerged as the lucky four out of the 23 businesses that participated in Visa’s Africa Fintech Accelerator program, which began  in June 2023.

    OkHi, Oze, Orda and Workpay were deemed strategic and could leverage technology to enhance financial inclusion both in their local market and across the continent.

    Visa’s Accelerator Program: Empowering Startups Across Africa

    According to the card payment firm, the Accelerator Program “was created to help startups unlock their growth potential and scale across the Asia Pacific region, by collaborating on joint solutions that address the biggest opportunities in digital payments.” 

    It is semi-annual and has continually given participants mentorship opportunities and technology credits for the past four years. This support is focused on providing businesses with an opportunity to pitch to potential investors on the Demo Day. 

    Visa has highlighted areas of interest, including Embedded Finance, Artificial Intelligence (AI)/ Generative AI, Global Money Movement, Digital Acceptance for MSMBs, and Loyalty of the Future. 

    Read also: Visa supports four African startups to boost financial inclusion

    By supporting early-stage fintechs, Visa is working to bridge the gap for millions in Africa who lack access to formal banking services. The selected startups will receive tailored mentorship, access to the firm’s global network, and the tech tools necessary to scale their innovative solutions. The investment underscores Visa’s belief in the transformative potential of fintech to build resilient, inclusive economies and demonstrates its dedication to Africa’s digital future.

    “These investments mark a substantial step for Visa – we are once again standing behind our commitment to innovation in Africa, helping to shape the future of digital payments alongside some of the brightest fintech minds that the continent has to offer,” said Godfrey Sullivan, Senior Vice President of Products, Partnerships, and Digital Solutions.

    Read also: EFTCorp, Visa announce 5-year partnership to expand digital payments across Africa

    Businesses that have benefited from this program include Curlec, Cymonz, Kadmos, Transpure, Doxa, Digitsecure, and others. The current cohort comprises diverse businesses, including iFarmer, Opplane, iPiD, Quqo, and others.

    Although the application window for the 2024 cohort is now closed, the firm encouraged fintech startups across Africa to check their website regularly for future opportunities. Businesses interested in participating in subsequent rounds can apply via Visa’s website.

    Read also: FirstBank’s 6th fintech summit: A platform for innovation and strategic partnerships

    For the startups, the investment represents more than just capital. WorkPay’s Co-Founder and CEO, Paul Kimani, noted: “We are happy to have Visa in our corner. As a trusted leader in digital payments, Visa’s support pushes us toward our goal of delivering innovative solutions and streamlining backend processes for all.”