The partnership aims to increase the affordability of mobile devices, computers and POS machines, expand access to secure digital identity solutions, and enhance cybersecurity within the continent.
The African Development Bank and Visas have formalized their cooperation to transform Africa's digital ecosystem. The partnership aims to increase the affordability of mobile devices, computers and POS machines, expand access to secure digital identity solutions, and enhance cybersecurity within the continent.
Formed at the recent annual meeting of the African Development Bank in Abidjan, the collaboration will support the creation of affordable device mechanisms, filling the gap between internet use and connectivity, bringing digital solutions closer to citizens.
The collaboration will also focus on promoting broader digital inclusion by expanding access to secure and scalable digital identity solutions, promoting the adoption of digital payments technologies, and enhancing cybersecurity across the financial ecosystem.
“We are excited to partner with the African Development Bank to promote digital transformation across Africa. This collaboration is consistent with our mission to enable individuals, businesses and the economy to thrive by connecting digitally. Through these initiatives, we will further promote our efforts to strengthen digital disparities and ensure the digital ecosystem of all Africa.”
– Ismahill Diaby, Vice President and Western and Central French-speaking & Lusophone Africa, Visa.
By combining the bank's extensive local knowledge with Visa's global expertise in cybersecurity and digital payments, this collaboration will enhance access to digital financial services, strengthen the cybersecurity framework and promote millions of financial inclusion across the continent.
“African digital futures safely rely on comprehensive access to affordable devices and digital identities. By enhancing the necessary tools and qualifications to citizens, we unleash opportunities for entrepreneurship, education, and millions of financial inclusion across the continent.”
– Solomon Quaynor, Vice President of Private Sector, Infrastructure & Industrialization, African Development Bank.
