African fintech Moniepoint gets Visa backing, plans to work on contactless payments

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TechCrunch 17h ago

African fintech Moniepoint gets Visa backing, plans to work on contactless payments - TechCrunch

Quick Summary:

The business banking and payments platform confirmed to TechCrunch that it received a "strategic investment” from the global payments giant as both companies look to drive financial inclusion and support the growth of small and medium-sized enterprises (SMEs) across Africa.

Visa has joined African fintech Moniepoint as a new investor.

Moniepoint is in that sweet spot to lead this transition in Nigeria by offering contactless-enabled payment terminals to businesses and chip cards to individuals, setting the stage for further adoption.