Visa expands operations to Côte d’Ivoire

Money Transfer

Visa has announced its intention to open an office in Côte d’Ivoire, bringing the benefits of electronic payments to the economy and a broader range of consumers and merchants across the region.
Visa is currently in the process to finalising the procedures leading to the opening of its office in Côte d’Ivoire. This will facilitate the engagement with key stakeholders in the region; government, financial institutions, consumers and merchants in the ECOWAS region.

This development will help drive the company’s strategy in Africa where 2-billion people live without access to financial services, according to the Global Financial Inclusion Index 2014. The expansion signals continued efforts by Visa to drive its undertaking with the World Bank Group to achieve universal financial access and providing electronic payment accounts to 500-million underserved people by end of 2020.

Koné Adama, Minister of Finance supports plans shared by Visa: “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.”
Source: IT Online 2 March 2016