Nigerian Agri-FinTech company Tingo has teamed with Visa to launch digital payment offerings in Africa.
The partnership is aimed at Africa’s agricultural sector and comes amid a wave of investment by Visa in the region. It includes the launch of a Tingo Visa card and the TingoPay Super App and business portal.
According to the release, the partnership gives Tingo’s subscribers access to secure cashless payments at more than 61 million merchants in more than 200 countries using Visa’s network, while helping business subscribers to accept payments from customers and other third parties.
“Given the importance of the agricultural sector to Africa’s present and future, this partnership will help to digitize the entire value chain for farmers by enabling seamless digital payments which will facilitate economic growth and support the financial inclusion agenda across the continent,” Andrew Uaboi, head of Visa’s West Africa operations, said in the release.
Visa announced last year that it would invest $1 billion in Africa to accelerate digital transformation, with plans to scale operations, deploy new technologies and deepen collaboration with its partners such as merchants, governments, financial institutions (FIs), FinTechs, and mobile network operators over the next five years.
Source: PYMTS
Catch up on news and other tidbits on our WhatsApp Community Page, Twitter/X, and subscribe to our weekly newsletter to ensure you don’t miss out on any news.
