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ethio telecom, in partnership with Visa Inc., has launched Ethiopia's first wallet-based virtual Visa Card, marking a significant milestone in the nation's digital financial evolution. This collaboration also introduces Visa Direct and the Telebirr Remit App, enhancing remittance services and enabling seamless cross-border payments to Ethiopia. The virtual Visa Card, accessible through the Telebirr SuperApp, allows users to receive funds from over 190 countries by sharing their 16-digit card number with the sender. This innovation is set to revolutionize how Ethiopians engage in global e-commerce and other online transactions, making digital payments more accessible and secure. With this development, Ethio Telecom and Visa Inc. are contributing to Ethiopia's transition to a cashless society by expanding the country's digital financial ecosystem. The introduction of these services underscores a commitment to driving financial inclusion and offering innovative solutions that meet the growing demands of Ethiopia's digital economy. This strategic partnership is a critical step towards modernizing Ethiopia's financial services, empowering individuals and businesses to participate more fully in the global economy. The initiative is expected to have a profound impact on the way money is sent, received, and spent across the nation. #Ethiopia #DigitalFinance #VisaCard #EthioTelecom #Fintech #FinancialInclusion #Ecommerce To read more: https://zurl.co/Zuag

#Visa and Ethio Telecom Launch Ethiopia’s First Virtual Visa Card to Streamline #Cross-Border Payments Ethio Telecom, in collaboration with Visa Inc., has launched Ethiopia's first wallet-based virtual Visa card, in a significant move that promises to expand the country’s #digital financial services. As highlighted in the press release, this strategic partnership introduces not only the virtual Visa card but also new services aimed at streamlining #cross-border money transfers via Visa Direct and the Telebirr Remit App. The Visa Direct service enables Visa cardholders, including both individuals and institutions from over 190 countries, to transfer money directly to #Ethiopia using the Telebirr virtual card number. With this service, recipients using a virtual Visa card can receive remittances directly on their mobile devices, providing a convenient and efficient way to access funds. To receive money, customers must first register for the Virtual Visa card within Ethio Telecom's Telebirr SuperApp, after which they can share their 16-digit virtual card number with senders abroad. Funds can be received within an hour, highlighting the service's convenience and efficiency. Beyond the virtual card, Ethio Telecom also rolled out the Telebirr Remit App, which allows Ethiopians living abroad to send money directly to their friends' and relatives' Telebirr accounts. The service currently supports #remittances from nine countries, including the United States, Canada, and the United Kingdom, with plans to expand further based on demand. With Telebirr boasting 47.55 million users as of the 2023/24 Ethiopian Fiscal Year, this joint venture promises to create a more accessible and inclusive digital financial landscape in Ethiopia, supporting the nation's move towards a cashless society.

Pyypl Partners with Visa to Expand Financial Inclusion in MEA Region. Pyypl - For 800 million Digital Natives in Emerging Markets, a fintech company operating in the Middle East and Africa region, has announced a strategic partnership with Visa. This collaboration allows Pyypl to issue both virtual and physical prepaid Visa cards through its mobile application, directly reaching its hundreds of thousands of active users. The partnership, supported by local regulators, aims to fast-track financial inclusion across the MEA region by providing access to prepaid Visa cards in various markets. Pyypl's Principal Licence membership with Visa is a strategic move that accelerates its international expansion across the Gulf Cooperation Council countries and Africa. This initiative aligns with Visa's growth and innovation strategy, which focuses on enhancing access to financial services for 850 million digital natives in the MEA region. Antti Arponen, CEO and co-founder of Pyypl, emphasized the partnership's role in advancing financial inclusion and providing secure payment solutions to underserved populations. Hasan Kazmi, VP and head of strategic partnerships and ventures for CEMEA at Visa, expressed enthusiasm for the partnership, highlighting its potential to empower underbanked consumers and integrate them into the digital economy. Utilizing Visa's extensive network and Pyypl's innovative fintech solutions, this partnership will enable the reach of a large population of underserved smartphone users. #Fintech #Africa #Visa #Pyypl #Payments #Finance #Banking

KaiOS Technologies and Mastercard Collaborate to Boost Digital Payments for SMEs in Africa KaiOS Technologies, Inc. a Chinese tech company that provides operating systems for mobile devices, has partnered with Mastercard to integrate digital payment solutions into its affordable smart-feature phones. The initiative will initially launch in Côte d'Ivoire and Nigeria, with plans to offer affordable payment acceptance devices to stimulate the growth of a more inclusive digital economy. This collaboration specifically targets small and medium-sized enterprises (SMEs) in developing markets, which often face challenges in adopting digital payments due to high costs and technical complexities. Through this collaboration, KaiOS Technologies and Mastercard aim to empower millions of SMEs worldwide to accept digital payments seamlessly using KaiOS devices. These low-cost devices will leverage Mastercard’s payment technology and global network to enable small businesses to accept payments safely and efficiently through Mastercard QR, Mobile Point-of-Sale solutions, and Tap & Go contactless payment technology. The partners noted that enrollment is designed to be friendly, allowing business owners to be able to authenticate their credentials through a one-time password on their KaiOS-powered phones. This simplicity aims to ensure business owners can easily access and use a variety of digital payment options. This partnership seeks to unlock new opportunities for small businesses and also enhances their engagement in modern commerce. By meeting merchants where they are, the alliance aims to improve digital payment acceptance across the board. #Côte d'Ivoire #Nigeria #DigitalPayments #Fintech #KaiOSTechnologies #Mastercard #FinancialInclusion #SMEs #Africa

Visa has launched a "flexible credential" feature in the U.S. and UAE to give consumers more choice and convenience in how they manage their payments. Users can now make payments from multiple funding sources using a single Visa card, meeting the growing demand for flexibility in financial transactions. Already live in several Asian markets, including Hong Kong, Japan, the Philippines, Singapore, Thailand and Vietnam, the Flexible Credentials feature allows Visa to support consumers' evolving needs as e-commerce and digital payments grow globally. A recent Visa study found that 51% of users prioritize the ability to access multiple accounts and funding sources with a single card, underscoring the importance of this innovation in today's marketplace. For the U.S. launch, Visa has partnered with fintech company Affirm, which brings its own base of 1.4 million active cardholders to the mix. In the UAE, Visa is partnering with Liv Digital Bank, extending its reach to provide an even more seamless cross-border payment experience. Looking ahead, Visa plans to bring this capability to Europe, with additional launches expected in the coming months. #Fintech #DigitalPayments #Innovation #FinancialInclusion #Ecommerce #UAE

In order to provide secure and improved digital #payment experiences, MoneyHash, a trailblazing force in the Middle East and Africa's payments and revenue operations industries, proudly announces its partnership with Visa, a global leader in digital payments. By partnering with Visa, MoneyHash is able to offer advanced payment #technologies like network tokenization and obtain unrivalled access to Visa's comprehensive portfolio of digital payment solutions. Also, it enables MoneyHash to take use of Visa's extensive worldwide presence, robustness, and security all essential components of Visa's objective to unite people worldwide by providing MENA with a cutting-edge, dependable, and secure payment network. "Our collaboration with Visa marks a significant leap in our journey," said Elena Panchenko, CPO of MoneyHash. "It empowers our customers to enhance their payment infrastructure, ensuring secure, fast, and reliable payment experiences. This is especially crucial in today’s digital-first world, where payment security is paramount." "Visa is thrilled to work with innovative platforms like MoneyHash, which contributes to the growing move to digital by providing a simplified process," said Leila Serhan, Senior Vice President and Group Country Manager for North Africa, Levant and Pakistan region. "We thrive to empower our partners with the tools and resources necessary to provide secure and seamless payment solutions." To share your startup story write us on - [email protected] #MoneyHash #DigitalPayments #CPO #Visa #Industries #PaymentSolutions

Visa has awarded Safaricom PLC a payment facilitator certificate, marking a pivotal step in their ongoing collaboration. This agreement aims to enhance Safaricom's merchant ecosystem by expanding payment acceptance options, including the introduction of card payments that support all card networks through Visa's CyberSource Payment Gateway. The partnership, which began with the launch of the M-PESA GlobalPay Virtual Visa Card in June 2022, will now enable Safaricom merchants to offer a broader range of payment options, utilizing Visa's payment technology to service customers more efficiently and securely. Chad Pollock, General Manager and Vice President of Visa East Africa, highlighted their commitment to providing advanced payment solutions that drive growth and efficiency for merchants. Esther Masese Waititu, CFO of Safaricom, acknowledged that the partnership has been crucial in enhancing payment capabilities, aligning with their shared vision of empowering merchants with diverse and secure payment options. #Visa #Safaricom #PaymentFacilitator #DigitalPayments #Partnership #FinancialInclusion

🚀 Driving the Future of Digital Payments in Qatar 🌐💳 Did you know that a staggering 96% of all in-store digital payments in Qatar are contactless? This growing trend underscores how consumers are increasingly prioritizing seamless, efficient payment options – and how businesses are adapting to meet these expectations. In a recent interview with The Peninsula (November 22, 2024), Shashank Singh, Visa’s Vice President & General Manager for Kuwait and Qatar, highlighted how Visa is leading the charge in Qatar's digital transformation. Visa's innovations are not only enhancing the payment experience for consumers but also helping SMEs and startups thrive in a digital-first economy. Here’s how: 🔹 Empowering SMEs with Tap to Phone Visa’s Tap to Phone solution allows businesses to accept payments via smartphones—eliminating the need for expensive point-of-sale terminals. This solution has seen impressive growth in Qatar, covering over 5,000 merchant locations, from taxis to delivery services. 🔹 Promoting Financial Inclusion While digital payments are on the rise, 20% of transactions in Qatar are still cash-based. Visa is working to digitize these transactions, making financial services more accessible to everyone, including the unbanked and underbanked. 🔹 Cybersecurity at the Core Visa has invested over $10 billion in cybersecurity over the past five years to ensure trust and security in digital payments. Their advanced fraud prevention technologies, including tokenization and AI-powered transaction monitoring, help protect both businesses and consumers. 🔹 Global and Local Reach With acceptance at over 150 million merchants worldwide, Visa offers a seamless, secure payment experience whether you’re shopping in Qatar or abroad. Looking ahead to 2025 and beyond, Visa’s commitment to innovation will continue driving Qatar’s digital economy, aligning with the country’s Vision 2030 goals and contributing to a more connected, inclusive financial ecosystem. Source:https://lnkd.in/dqjrSWJ9 Do you want to be part of this innovative business trend? We are providing Free consultancy meetings. Let's connect. #DigitalPayments #Qatar #Fintech #Visa #SMEs #CyberSecurity #Ecommerce #FinancialInclusion #ContactlessPayments #Vision2030

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Exciting news in the world of digital payments in Pakistan! Visa has just signed a strategic partnership with 1LINK to revolutionize digital payments in the country. This collaboration is set to transform the way transactions are conducted, providing more convenience and efficiency for consumers. Syed Sohail Javaad, Executive Director of the Digital Financial Services Group at the State Bank of Pakistan, and senior leaders from Visa are leading this initiative. Stay tuned for more updates on this game-changing partnership! #DigitalPayments #PakistanFinancialNews #Visa #1LINK #FinancialInnovation