a partnership with MFS Africa, a fintech that connects over 180 million mobile wallets on the continent with an API. The collaboration will see Visa enable mobile money users on MFS Africa's network to access a virtual Visa card for e-commerce and remittance transactions. The fintech is also set to integrate with Visa Direct — the card network's push payments solution — so its mobile money users can access Visa Direct's platform for transfers and remittances.
Because of mobile money's popularity, working with MFS Africa should help Visa capture more purchase volume from African consumers, helping it grow beyond the $249.4 billion in purchase volume it recorded in 2018 and potentially rise faster than the 17.1% annual growth is posted last year, per the Nilson Report.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Visa expands its suite of Visa Direct remittance partners with TransferWise - Business InsiderDigital remittance provider TransferWise will launch support for Visa Direct and allow customers to move money to debit cards in real time.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Visa expands its suite of Visa Direct remittance partners with TransferWise - Business InsiderDigital remittance provider TransferWise will launch support for Visa Direct and allow customers to move money to debit cards in real time.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon's Ring explores expanding smart home lineup amid legal scrutiny - Business InsiderAmazon-owned Ring may be looking to further expand its smart home lineup with a 'Ring Smart Lightbulb' amid legal scrutiny.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Quibi seeks influencers for original shows - Business Insider - Business InsiderShort-form subscription video app Quibi is forming output deals with social media influencers to fill out the third tier in its content strategy.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Starling added legal services app Sparqa Legal to its business marketplace - Business InsiderStarling added Sparqa Legal to its business marketplace, marking the first legal services partner to make its offering available via the marketplace.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon's B2B segment could be the e-tailer's most lucrative business - Business InsiderAmazon Business may be key to Amazon's future retail growth since it already dominates B2C e-commerce and may have trouble growing its share much further:
Source: BusinessInsider - 🏆 729. / 51 Read more »