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Bitcoin and Visa Forge Path in African Fintech with Moniepoint Investment

by aria-crypto.com

January 30, 2025 at 06:34

Bitcoin and Visa Forge Path in African Fintech with Moniepoint Investment

Visa has invested over $10 million in Moniepoint, a prominent African fintech, marking a significant boost to its Series C funding which now totals more than $120 million. Moniepoint, known for offering banking, credit, and payment services, processes over 1 billion transactions a month with a total payment volume of $22 billion. This strategic investment aims to enhance financial inclusion and bolster SME growth throughout Africa. The collaboration will also prioritize the expansion of the payment ecosystem, advance contactless payment options, and facilitate micro-transactions. With this move, Visa not only taps into Nigeria's burgeoning card value chain but also reinforces Moniepoint’s pivotal role as a major card issuer and acquirer in the region.

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