Close Menu
Over The Borders
    What's Hot

    Luanda will hold a second-country tourism and ICAO ministerial meeting on air transport and tourism in Africa

    July 5, 2025

    Airplane passengers “shaking” after seat conflict | Travel News | Travel

    July 5, 2025

    Women find the UK's “best beach” visible “right from Mallorca” | UK | Travel

    July 5, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Luanda will hold a second-country tourism and ICAO ministerial meeting on air transport and tourism in Africa
    • Airplane passengers “shaking” after seat conflict | Travel News | Travel
    • Women find the UK's “best beach” visible “right from Mallorca” | UK | Travel
    • British said “Don't do this” with your boarding pass with a major warning | Travel News | Travel
    • Wuhu City is driving homemade aircraft innovation
    • I visited Jeremy Clarkson's farm and go back to one thing
    • Ethiopian Airlines launches new flights to European tourist hotspots
    • “I went to a city in China with robots and noisy trains” | Asia | Travel
    • Home
    • About Us
    • Contact Us
    • Advertise With Us
    • DMCA Policy
    Facebook X (Twitter) Instagram
    Over The BordersOver The Borders
    Saturday, July 5
    • Home
    • Airlines & Aviation
      • Airline Incidents & Industry News
      • Airline Accidents & Safety
      • Aviation Innovation
      • Visa Information & Updates
    • Travel News
    • Migration Insights
      • Climate & Environmental
      • Immigration News & Updates
      • COVID-19 & Health in Travel
    • Regional Spotlights
    • Tourism Industry
    • Travel Tech & Innovation
      • Traveler Experiences
      • User Tips, Guides, & Resources
    Over The Borders
    Home » Visa invests $10 million in Moniepoint to accelerate growth of small and medium-sized businesses in Africa

    Visa invests $10 million in Moniepoint to accelerate growth of small and medium-sized businesses in Africa

    overthebordersBy overthebordersJanuary 23, 2025 Visa Information & Updates No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Daba Finance/Visa invests $10 million in Moniepoint to accelerate the growth of small and medium-sized enterprises in Africa

    breaking newsJanuary 23, 2025 8:39 PM UTC

    TLDR

    Visa has made a strategic investment in Nigerian fintech Monypoint to support the development of Africa's digital economy Monypoint declined to disclose the size of Visa's investment, but sources say The investment, which suggests it exceeds $10 million, will allow Monypoint to expand its footprint and introduce innovations such as contactless payments.

    Visa has made a strategic investment in Nigerian fintech company Moniepoint to support the development of Africa's digital economy. Moniepoint declined to disclose the size of Visa's investment, but sources said it will be more than $10 million and will be added to the fintech's $120 million Series C funding.

    Moniepoint processes more than 1 billion transactions per month, valued at $22 billion, and plays a key role in Nigeria's growing digital payments ecosystem. Its services span bank accounts, credit, business and personal payment solutions, and leverage its vast agent network.

    This investment will enable Moniepoint to expand its footprint and introduce innovations such as contactless payments, which is a priority of the Central Bank of Nigeria. Moniepoint also plans to integrate Visa Direct into remittances and explore new markets across Africa and beyond.

    Daba is Africa's leading investment platform for private and public markets. Please download from here

    Important points

    Nigeria's $400 billion digital payments market offers lucrative opportunities. Visa's investment in MonyPoint highlights the growth potential of fintech in merchant acquisition, consumer banking, and the untapped areas of contactless payments. The collaboration between Moniepoint and Visa will facilitate access to tools such as card issuance, tap-to-pay terminals and cyber sources, positioning fintechs to lead Nigeria's payments transition. For Visa, the deal is an opportunity to expand its share in a market currently dominated by Verve and Mastercard. Established companies such as Flutterwave and Paystack are also supported by Visa, and this investment strengthens the company's strategy to digitize Africa's economy while capitalizing on the rapid adoption of cashless solutions. MonyPoint's next steps, including market expansion and leveraging Visa's global network, will be critical to its success.



    Source link

    overtheborders
    • Website

    Keep Reading

    “The first free black man I've ever seen.”

    South Africa: ETA will be coming soon, but will it also apply to Visa-Exempt travelers?

    Visa partners with AFDB to expand its digital inclusion

    Senegal and Visa Partners Powering Digital and Financial Innovation Hubs

    Immigration Updated Weekly: July 3, 2025

    Can Trump strip their US citizenship of musks and mum ticks? | Donald Trump News

    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    Luanda will hold a second-country tourism and ICAO ministerial meeting on air transport and tourism in Africa

    July 5, 2025

    Airplane passengers “shaking” after seat conflict | Travel News | Travel

    July 5, 2025

    Women find the UK's “best beach” visible “right from Mallorca” | UK | Travel

    July 5, 2025

    British said “Don't do this” with your boarding pass with a major warning | Travel News | Travel

    July 5, 2025
    Latest Posts

    There’s a Race to Power the Future. China Is Pulling Away.

    June 29, 2025

    World Bank ends ban on funding for nuclear projects

    June 11, 2025

    Why rooftop solar could crash under Republican tax bills

    June 11, 2025

    Subscribe to News

    Subscribe to our newsletter and never miss our latest news

    Subscribe my Newsletter for New Posts & tips Let's stay updated!

    Welcome to Over The Borders, your ultimate gateway to discovering the world’s hidden treasures, with a special focus on the vibrant and diverse continent of Africa. Our mission is to inspire, educate, and empower travelers by providing insightful articles, travel guides, and firsthand experiences that celebrate the beauty and richness of regional cultures, landscapes, and adventures.

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Subscribe to our newsletter and never miss our latest news

    Subscribe my Newsletter for New Posts & tips Let's stay updated!

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • About Us
    • Contact Us
    • Advertise With Us
    • DMCA Policy
    © 2025 overtheborders. Designed by overtheborders.

    Type above and press Enter to search. Press Esc to cancel.