Leading digital payments company Visa announced the introduction of Visa Pay, a cutting-edge mobile solution that enables account-to-account money transfers and digital payments in the Democratic Republic of the Congo (DRC), on Thursday.
About Visa Pay
Visa Pay allows both banked and unbanked customers to transfer money between participating banks and mobile networks in a safe and interoperable manner.
Visa Pay is designed to satisfy the particular financial requirements of people and businesses in the nation, emphasising accessibility, affordability, and convenience.
Visa Pay, a mobile-first solution, provides near real-time account-to-account money movement in two currencies (USD and CDF), simple enrollment, and sophisticated risk and fraud prevention features. Additionally, it allows users to pay online using virtual cards and cash in and out at bank branches.
Local partners
In the Democratic Republic of Congo, Visa Pay is being introduced in collaboration with eight financial institutions: Access Banque, BGFI, Equity Bank, FBN, Sofibanque, Solidaire Banque, TMB, and UBA.
It can be downloaded as a mobile app from the Google Play Store and the Apple App Store. Banks can also integrate Visa Pay directly into their own mobile apps with this flexible option.
Visa expresses optimism
Sophie Kafuti, General Manager for Visa DRC, said, “We are excited to launch Visa Pay, an interoperable solution to scale digital payments in the country. The launch is part of our commitment to driving innovative solutions as a catalyst for greater financial inclusion, helping to provide broader access to the digital economy. Through Visa Pay, we aim to stimulate economic growth and to help establish the DRC as a regional leader in financial technology”.
Visa’s dedication to advancing financial inclusion and bolstering economic growth is demonstrated by the introduction of Visa Pay in the Democratic Republic of the Congo (DRC).
Visa hopes to open doors and enable people and businesses to realise their full potential by utilising the revolutionary potential of digital payments in conjunction with regional alliances.
About Visa
Visa is a global leader in digital payments, enabling transactions between customers, businesses, financial institutions, and governmental organisations in more than 200 countries and territories.
Its goal is to link the world with the most cutting-edge, practical, dependable, and safe payment system possible so that people, companies, and economies can prosper.
It supports economies that see access as the cornerstone of the future of money movement, where everyone is included and uplifted.