PalmPay, Visa Partner to Drive Financial Inclusion Across Africa
By Victor Uzoho
PalmPay, a new player in Africa’s fintech industry, said it has partnered with Visa, global payments technology company, to advance financial inclusion across Africa, through access to real time digital payment services.
In line with this partnership, PalmPay disclosed plans to launch an app with a mobile wallet in Nigeria, Ghana, and Tanzania that offers customers a platform to top up funds electronically or through offline access points.
According to the firm, the app would enable Visa cardholders to initiate payments and make online and mobile payments by attaching their card details to their PalmPay profile, while non-card carriers can generate a virtual Visa card upon registration. It would also provide access to variety of third party financial products.
Photo courtesy of Simon Berry.