VISA invests in Moniepoint to promote the economic inclusion of small and medium -sized businesses in Africa.

By Gloria Methri

The Nigeria business payment and the bank service platform monitoring point secure investment from a visa. This investment follows the visa commitment of promoting financial coverage and forming the future of digital payments while promoting the growth of small and medium -sized businesses throughout Africa.

Moniepoint Inc, established in 2015, established a status as a financial platform for a vast small and medium -sized business network in Nigeria, and integrated service suits such as digital payments, bank accounts, credit, and management tools. Is provided.

The platform processes more than 1 billion transactions each month, has a total payment of over $ 22 billion, and enables companies to digitize their businesses and prosper in the rapid evolution of Africa.

With this investment, VISA supports the mission of the monitoring point of giving power to African companies, further accelerating the growth and expansion of the entire continent.

Tosin ENIOLUNDA, founder and group CEO of Moniepoint Inc., states: At the same time, we aim to deepen financial inclusiveness and to access the tools and resources necessary for small and medium -sized enterprises to prosper in the digital economy. Given that about 83 % of the entire employment in Africa is in the unofficial economy, we are very enthusiastic about expanding the official financial system and promoting the economic growth of the whole Africa.

“VISA's expertise in global payments and moniepoint's proven abilities, which provide services to African companies, are the continents, despite the way to a more comprehensive and dynamic financial ecosystem. It is an exciting opportunity to form an economic future.

According to the Central and East and East European presidents and the Middle East and Africa visa Andrew Torre said, “Male Points have an impressive platform that directly deals with the needs of African SMEs, an important segment that enables economic development. By making the financial services and digital payments more efficiently, moniepoints will help you to change your business. I am looking forward to supporting the next stage.