Visa partners with USAID for financial inclusion

Visa has partnered with the United States Agency for International Development (USAID) to improve access to inclusive digital government and payment systems across the world.

The payments giant said the partnership aims to enable the digitisation of payments and government systems to enable economic growth.

The organisations will work together over a five-year period to develop programmes to assist governments in creating and adopting platforms which connect constituents with local government services.

Initially, the focus of the project will be on Sub-Saharan Africa, Latin America, the Caribbean, and the Caucasus, with scope to expand further.

“Digital government systems can help enhance transparency and efficiency between communities and governments, fostering a more favourable environment for entrepreneurs and economic development,” said Chris Newkirk, global head of new flows – commercial & money movement solutions at Visa. “Through shared interests and goals, Visa and USAID will empower communities with digital and financial literacy and support access to digital systems that will help drive financial inclusion for everyone, everywhere.”

The new project builds on a previous partnership to push digitisation and financial inclusion around the world.

Visa and USAID are both working with Ukraine’s Ministry of Digital Transformation to develop Diia, a mobile application that has helped connect 19 million Ukrainians with more than 120 government services.



Share Story:

Recent Stories


Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.

Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.

Click here to read the 2023 State of the Phish report from Proofpoint.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.

Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.