Payments giant Visa has unveiled plans to set up an office in Côte d’Ivoire, Africa to offer the benefits of digital payments to the region’s unbanked population.
Citing the Global Financial Inclusion Index 2014, Visa said that the move will support its financial inclusion efforts in Africa where two billion people live without access to financial services.
The company said that the launch will support engagement with the region’s key stakeholders; as well as government, financial institutions, consumers and merchants in the ECOWAS region.
The company will collaborate with the government and clients to facilitate the electronification of payments plans, engage in financial literacy initiatives, and offer solutions to boost mobile-based payments in the region.
Visa general manager of North and Francophone Africa Tarek Elhousseiny said: "We plan to proactively work with the governments and partner banks across the region to roll out initiatives that are focused on financial inclusion and help consumers realize the full potential of electronic payments while expanding the technology and global expertise that would support economic growth plans in the region."