Visa Fortifies African Digital Payments with Johannesburg Data Centre
Visa has launched its inaugural data center in Johannesburg, South Africa, representing a major development for digital payments and fintech across the African continent. This strategic investment strengthens Visa’s infrastructure, ensuring smoother and more reliable digital transactions for businesses and consumers. The facility, announced during the recent US presidential visit, joins Visa’s existing global data center in Singapore, underscoring the company’s growing commitment to Africa.
Enhanced Performance and Investment in African Fintech
The Johannesburg data center significantly improves VisaNet’s performance by reducing transaction latency for African users. This technological advancement translates to faster, more efficient payment processing, which is crucial for the growing digital economy. Moreover, the new center ensures better service reliability and reinforces compliance with regional data regulations. Visa is also committing R1 billion (approximately $56.9 million) over the next five years towards African digital growth. This substantial investment will be allocated to various initiatives, including forging strategic partnerships with fintech companies, developing critical infrastructure, and investing in capacity-building programs to promote digital literacy and skills development in the African workforce.
This launch underscores Visa’s dedication to supporting the rapid expansion of digital payments across Africa and the growth of fintech innovation in the region. The new data center is positioned to play a key role in supporting the continued advancement of the African digital economy.
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