VISA, Atlas Mara in Major Payments Deal

Tuesday, January 31, 2017

Global payments firm Visa and Atlas Mara Limited that bought two of some of Rwanda’s biggest banks, have signed a commercial partnership to introduce new payment solutions and expand access to electronic payments within the Sub-Saharan Africa region.

Atlas Mara’s banks will be able to leverage already existing Visa payment platforms, such as mVisa and Visa Direct, to provide their customers new ways of transacting that are convenient, and secure, said the two parties in a statement on Thursday.

“Atlas Mara is a driving force for the provision of better, more innovative and reliable financial services to more Africans everywhere,” said Andrew Torre, Group Country Manager, Visa Sub-Saharan Africa. “Our partnership enables Atlas Mara to deploy Visa’s global assets and payment solutions and has the potential to be transformational for commerce, mobile payments and financial inclusion across Africa.”

Source: KT PRESS (link opens in a new window)

digital payments, financial inclusion, fintech