Visa , a global leader in digital payments, today announced the launch of Visa Pay, an innovative mobile solution that provides access to digital payments and account-to-account money movement in the Democratic Republic of the Congo DRC. Visa Pay is an interoperable and secure way for banked and unbanked consumers to pay, get paid, and move money across participating banks and mobile networks.
With a focus on accessibility, affordability, and convenience, Visa Pay is tailored to meet the unique financial needs of individuals and businesses in the country. As a mobile-first solution, Visa Pay offers easy enrolment, advanced risk and fraud prevention capabilities, and near real-time account-to-account money movement in two currencies - CDF and USD. It also enables cash-in / cash-out at banks' branches and facilitates online payments through virtual cards.
Visa Pay is launching in the DRC in partnership with eight financial institutions: Access Bank, BGFI, Equity Bank, FBN, Sofibanque, Solidaire Banque, TMB, and UBA. It is available as a mobile app on the Apple App Store and Google Play Store, and also as a flexible integration option for banks, allowing them to embed Visa Pay features directly into their own mobile apps.
