Visa appoints new country manager for Kenya, South Sudan, Somalia

Latest Visa study says 71% of Kenyan consumers have experienced digital fraud, the highest in Sub-Saharan Africa

The company says it has made and will continue to make investments in Nigeria.

The company has prioritised promoting closer collaboration among financial institutions and enhancing digital payment infrastructure.

Already leading the world in the field of mobile money, Visa says there is great potential for digital payments and cryptocurrencies in Africa.

Kenya’s digital payments landscape is experiencing a dynamic growth, fuelled by a rising preference for innovative payment methods, says Chad Pollock, VP and general manager, Visa East Africa said.

Visa described this investment as a significant milestone in its efforts to enhance financial inclusion.

According to the Mozilla foundation, the event will explore the power of AI, data, and community-centred tech solutions.

According to Visa, these investments reflect its desire to promote fintech growth across the continent while also boosting financial inclusion and access.

Safaricom merchants will now have access to and provide a greater choice of payment options by leveraging Visa's payment technology.

This collaboration aims to increase the speed, efficiency, and security of digital payments in Somalia, making transactions easier.

This collaboration aims to boost financial inclusion in the region by granting access to prepaid Visa cards in a number of markets.