The African Development Bank and Visa have formalized their cooperation to transform the African digital ecosystem. The partnership aims to enhance the affordability of mobile devices, computers and POS machines, expand access to secure digital identity solutions, and strengthen cybersecurity within the continent.
Officialized at the recent African Development Bank's Annual Meetings in Abidjan, Cote d'Ivoire, the collaboration will support the creation of an affordable device mechanism, bridging the gap between usage and connectivity of internet and getting digital solutions closer to citizens.
The collaboration will also focus on driving broader digital inclusion by expanding access to secure and scalable digital identity solutions, increasing the adoption of digital payment technologies, and strengthening cybersecurity across the financial ecosystem.
Ismahill Diaby, Vice President and Head of Western and Central Francophone & Lusophone Africa at Visa stated, "We are thrilled to partner with the African Development Bank to drive digital transformation across Africa. This collaboration aligns with our mission to enable individuals, businesses, and economies to thrive by connecting them digitally. Through these initiatives, we will further our efforts in bridging the digital divide, enhancing financial inclusion, and building a secure digital ecosystem for all Africans".
By combining the Bank's extensive regional knowledge with Visa's global expertise in cybersecurity and digital payments, the collaboration will enhance access to digital financial services, strengthen cybersecurity frameworks, and drive financial inclusion for millions across the continent.
Solomon Quaynor, African Development Bank Vice President for Private Sector, Infrastructure & Industrialization, said, "Africa's digital future hinges on inclusive access to affordable devices and secure digital identities. By empowering citizens with the tools and credentials they need, we unlock opportunities for entrepreneurship, education, and financial inclusion for millions across the continent".
About Visa:
Visa is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of the money movement.
