Faizel Patel, Radio Islam News – 10-04-2019

(Twitter: @FaizelPatel143)

Payments technology company Visa has announced a partnership that will see virtual Visa prepaid debit cards offered to over 2 million consumers in Sub-Saharan Africa.

Visa says the partnership represents the company’s broader strategy to collaborate with and invest in rapidly growing FinTech companies that are reaching consumers and merchants not previously addressed by traditional financial services.

As a part of the agreement, Branch will also implement Visa payment services into its platform, to give consumers the ability to make payments using a card or a mobile phone.

Visa says the move is part of Visa’s strategy to leverage mobile to digitize payments and is expected to pave the way for cash-free payments.