Visa Inc., an American multinational payment card services corporation, has updated Vice President Kashim Shettima on plans to site a data centre infrastructure in Nigeria.
This is in addition to its investments of over $1 billion in the country, including a substantial technological partnership with MoniePoint to foster digital payment solutions, a $200 million investment in Interswitch and a partnership with ThriveAgric to empower smallholder farmers and enhance food security in Nigeria.
Visa’s regional president for Central, & Eastern Europe, Middle East, and Africa (CEMEA), Mr. Andrew Torre, disclosed this when he led a delegation of the company on a courtesy visit to Vice President Shettima at the Presidential Villa in Abuja.
Mr Torre said while Visa Inc. had been making investments and would continue to make investments in Nigeria, the plan to site the data centre infrastructure was aimed at bringing new technologies into the Nigerian market that would bolster the nation’s growing digital economy.
According to him, partners like Hugo, and Samsung require some of Visa’s technologies to launch mobile payment services for a more competitive and cost-effective market.
Responding, Shettima assured the team that the patronage and partnership between Visa and the Nigerian government would continue to grow by leaps and bounds.
He applauded Visa for investing in ThriveAgriculture, noting that the administration of President Bola Ahmed Tinubu is quite passionate about repositioning the agriculture sector, which is one of the primes in the administration’s 8-point agenda.
