Visa to digitize payments in Ethiopia

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Visa has affirmed its commitment to expanding digital payments in Ethiopia by working closely with the financial ecosystem to bring the benefits of digital payments to consumers, merchants, financial institutions and the government.
The company announced a series of partnerships in Ethiopia during an inaugural Visa Payments Forum held on Wednesday March 10, that brought together key stakeholders from the digital payments industry to discuss opportunities that exist to develop the payments ecosystem in the country.
In addition to partnerships, Visa has undertaken two initiatives to drive financial inclusion and job creation within Ethiopia with STEMPower and the Visa Everywhere Initiative in Ethiopia, an initiative aimed at supporting the development of innovative fintechs.
“At Visa, we are extremely pleased to have a local presence in one of the most exciting countries in Africa. I am happy to announce that we have worked with our partners in market towards enabling digital commerce. We’re are excited to support the goals of the Ethiopian economy, where financial inclusion will play an important part in enabling the overall growth journey,” said Aida Diarra, Senior Vice President & Head of Visa in Sub Saharan Africa.