Visa, global payments services provider, has signed a Memorandum of Understanding (MOU) with the Ivorian government to digitize government services and ensure financial services are accessible to more Africans.
The Ivorian minister of finance and economy, Adama Koné and Andrew Torre, Visa’s regional president for Central and Eastern Europe, Middle East and Africa (CEMEA) signed the MoU, at a ceremony held in Abidjan, in conjunction with the U.S. Department of Commerce President’s Advisory Council on Doing Business in Africa (PAC-DBIA) fact-finding mission.
Speaking at the signing ceremony, Andrew Torre said, “This MoU signing represents an important milestone in our ongoing cooperation with the Ivorian government. It is a major step forward in our effort to bring more Ivorians into the formal financial system with all the associated benefits.
“Our shared vision for enhancing the quality of services and employing the latest payment technologies makes this partnership a great opportunity for Ivorians, the financial services industry, merchants and the government alike. The use of electronic payments will bring greater payment security and convenience to Ivorian families, while lowering costs and bringing increased transparency to the financial system.”
Visa is the first global payments provider to open an office in the region. The company has been working closely with local governments, financial institutions and merchants across UEMOA, CEMAC & the entire Western & Central Africa area to bring the benefits of innovative electronic payments to the region, including its security, mobile and consulting capabilities.
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