13 Dec Visa partners with MFS Africa to simplify e-commerce payments
Visa has announced it will work with cross-border fintech platform MFS Africa to simplify e-commerce payments and digital remittances in 15 markets across the continent.
Through the partnership, MFS Africa will distribute Visa payment credentials to markets across the continent, with MFS Africa mobile wallet users to receive a Visa virtual card number which can be used for digital funds transfer and e-commerce transactions.
“Africa is adopting a mobile led, digital payments ecosystem and with Visa looking to accelerate the distribution of payment credentials and expand the acceptance space for digital payments, this partnership is an important one,” said Jack Forestell, Visa’s executive vice president and chief product officer.
Visa’s real-time push payments platform, Visa Direct, will also be integrated into the MFS Africa platform as part of the agreement.
“In the past few years, we have relentlessly focused on creating new digital pathways between mobile money users in Africa,” said Dare Okoudjou, founder and CEO, MFS Africa.
“Having reached significant scale, we are now turning our focus to connecting our network to the wider world, to unleash the wealth of opportunity that trade with Africa presents to the global economy.”