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Author: Ollen Machimbirike

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Date: 21 March 2016

Visa Inc announces intention to open office in Côte d’Ivoire

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Visa Inc, a global payment company, announced its intention to open an office in Côte d’Ivoire early March to reinforce its position as a leading payments technology company and to help bring the benefits of electronic payments to the economy and a broader range of consumers and merchants across the region.
This will facilitate the engagement with key stakeholders in the region: government, financial institutions, consumers and merchants in the ECOWAS region. This will also help drive the company’s strategy in Africa where two billion people have no access to financial services.

“This is indeed great news, it will help Côte d’Ivoire in its endeavors to promote electronic payments in the country and drive financial inclusion to the benefit of the overall economy” – said Kone Adama, Finance Minister.

Supporting the electronification of payments in Africa will contribute to the financial integrity of the financial transactions in the continent and will help increase the transparency of its monetary systems aiming at fostering economic development.
“Our presence in Côte d’Ivoire reflects the growing importance of the UEMOA region which represents 40% of the collective GDP of the Economy of West African States.” – said Tarek Elhousseiny, GM of North and Francophone Africa at Visa.

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