Visa and Onafriq Transform DRC’s Digital Payment Landscape with Visa Pay
The Democratic Republic of Congo (DRC) is set to experience a significant leap in digital financial access thanks to a groundbreaking collaboration between global payment leader Visa and African tech innovator Onafriq. The two powerhouses have unveiled “Visa Pay,” an innovative, cloud-native Payments-as-a-Service platform designed to accelerate financial inclusion across the vast Central African nation. This strategic partnership marks a pivotal moment for digital payments in the DRC, offering millions of consumers a more convenient and integrated way to manage their money and engage with the digital economy.
Bridging Mobile Money and Card Networks for Enhanced Digital Access
Visa Pay introduces a revolutionary approach to digital transactions by seamlessly integrating with the DRC’s vibrant mobile money ecosystem. Through this new platform, consumers can effortlessly fund their Visa Pay wallets directly from their existing mobile money accounts, including popular services like M-Pesa, Airtel Money, and Orange Money. This functionality, powered by Onafriq’s robust APIs, facilitates both collections and disbursements, effectively connecting Visa’s extensive global card network with the vast reach of millions of mobile money wallets throughout the country. This integration not only simplifies everyday digital payments and e-commerce transactions but also addresses a critical need for interoperability in the financial sector. Sophie Kafuti, General Manager of Visa in the DRC, emphasized the profound impact of this initiative, stating, “Our collaboration with Onafriq represents our ambition to accelerate financial inclusion in the DRC. By connecting Visa Pay to existing mobile money infrastructure, we’re not just adding convenience—we’re creating the interoperability foundation that will fuel digital commerce and foster the wider digital economy.” This move is poised to empower more Congolese citizens with access to formal financial services and the convenience of digital payments.
The introduction of Visa Pay stands as a testament to the transformative power of strategic partnerships in emerging markets. By leveraging technology to bridge traditional financial networks with the ubiquitous mobile money landscape, Visa and Onafriq are not only expanding digital access but also laying the groundwork for a more inclusive and dynamic digital economy in the DRC. This initiative is a vital step towards empowering individuals and businesses, driving economic growth, and solidifying the country’s position in Africa’s evolving digital finance space.
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