Visa has launched Visa Pay, a mobile solution that enables digital payments and account-to-account money transfers in the Democratic Republic of the Congo (DRC).
The service is designed to provide both banked and unbanked consumers with a secure and interoperable way to send, receive, and move money across participating banks and mobile networks.
Visa Pay aims to address the financial needs of individuals and businesses in the country by offering mobile-first features such as easy enrolment, risk and fraud prevention tools, and near real-time account-to-account transfers in both CDF and USD.
The platform also supports cash-in and cash-out transactions at bank branches and online payments through virtual cards.
The service is being introduced in partnership with eight financial institutions: Access Banque, BGFI, Equity Bank, FBN, Sofibanque, Solidaire Banque, TMB, and UBA.
Visa Pay is available as a standalone mobile app on the Apple App Store and Google Play Store, and can also be integrated into banks’ existing apps.
Sophie Kafuti, General Manager for Visa DRC, said:
“The launch is part of our commitment to driving innovative solutions as a catalyst for greater financial inclusion, helping to provide broader access to the digital economy. Through Visa Pay, we aim to stimulate economic growth and to help establish the DRC as a regional leader in financial technology.”
By leveraging digital payments in collaboration with local partners, the company seeks to expand access to financial services for individuals and businesses.
Featured image credit: Visa
