Monday
November 25
2019

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.

Source: TECH dot Africa (link opens in a new window)

Categories
Technology
Tags
digital payments, emerging markets, fintech, Visa