The agreement is aimed at encouraging the development of a digital payments ecosystem for both individuals and businesses, who will see the new service adopted across 15 African countries, where the two companies operate.
According to The Star, almost 80% of most retail transactions are in cash, while the other 20% percent is mobile money and card transactions in the region.
Earlier in November 2018, Visa has teamed up with banks in Ghana to launch Visa-on-mobile, a mobile payment service, in the country.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now