Visa Makes Strategic Investment in Moniepoint to Accelerate Financial Inclusion for African SMEs – Company Announcement - FT.com
Summary
The investment marks an important milestone in Visas commitment to advancing financial inclusion and shaping the future of digital payments while fostering SME growth across .This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250122851716/en/Founded in 2015 by Tosin Eniolorunda and , (formerly known as ) has established itself as the leading financial platform for Nigerias vast network of small and medium-sized businesses (SMEs), offering an integrated suite of services, including digital payments, bank accounts, credit, and management tools. Given that about 83% of employment across is in the informal economy, we are very keen to widen access and participation in the formal financial system and drive economic growth across .Visas expertise in global payments and Moniepoints proven ability to serve African businesses make this partnership an exciting opportunity in shaping the continents economic future even as we pave the way for a more inclusive and dynamic financial ecosystem. We are delighted in joining forces with to enhance the digital payment infrastructure, expanding financial services, and fostering innovation in Africa., Regional President, Central and , and at , added:Moniepoint has built an impressive platform that directly addresses the needs of Africas SMEs, a critical segment in enabling economic development. For more information, please visit https://moniepoint.com/(NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories.