Interswitch Partners with Visa to Promote Financial Inclusion Across Africa
By Gbenja Ajao
Interswitch Limited and Visa have announced a strategic partnership that will further advance the digital payments ecosystem across Africa.
According to the partners, Visa will acquire a significant minority equity stake in Interswitch. The investment makes Interswitch one of the most valuable African FinTech businesses with a valuation of $1 billion. Visa will join globally renowned investors, Helios Investment Partners, TA Associates and IFC, as shareholders in Interswitch, alongside Company management.
Photo courtesy of Sean MacEntee.