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Visa partners with Senegalese govt on digital payments

Visa partners with Senegalese govt on digital payments

Visa announced on Friday it has signed an MoU with Senegal’s Ministry of Telecommunications and Digital Affairs to help support the government's digital payments ambitions.

The MoU establishes a two-year framework under with Visa and the ministry will cooperate on developing digital payments, financial innovation, cybersecurity and regulatory matters.

More specifically, areas of exploration under the MoU include payments from individuals to the government and vice versa, to identify how digital solutions could facilitate interactions between citizens and public services.

Visa and the ministry will share knowledge on cybersecurity and financial innovation with the goal of promoting broader access to secure and resilient digital financial services.

The two entities will also explore high-impact use cases that could help modernise public services and expand access to digital financial services, said Aminata Kane, senior VP and group country manager for Visa Western and Central Africa.

“Together with the ministry, we aim to identify tangible opportunities to facilitate access to digital services and support the long-term development of the payments ecosystem in Senegal,” she said in a statement.

The MoU is the first such public-private partnership signed between Visa and a government institution in Senegal.



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