Visa has launched Visa Pay in the Democratic Republic of Congo (DRC), an innovative mobile solution designed to provide access to digital payments and account-to-account money movement. This interoperable and secure platform aims to serve both banked and unbanked consumers, facilitating payments and money transfers across participating banks and mobile networks.

• Visa Pay offers near real-time account-to-account money movement in two currencies: CDF and USD.
• The launch in the DRC is in partnership with eight financial institutions, including Access Banque, Equity Bank, and UBA.
• General Manager for Visa DRC, Sophie Kafuti, emphasized Visa Pay’s role in scaling digital payments and driving financial inclusion in the country.

Visa has launched Visa Pay in the Democratic Republic of the Congo (DRC), a new mobile-first service designed to connect both banked and unbanked users to digital payments. Announced in Kinshasa on September 5, the service aims to enable consumers and businesses to pay, receive funds, and transfer money across banks and mobile networks.

• Eight participating institutions, with five banks (Access Banque, FBN, Sofibanque, Solidaire Banque, and UBA) available at launch.
• Sophie Kafuti, General Manager for DRC at Visa, noted the goal is to "scale digital payments in the country" and foster financial inclusion.
• Visa Pay offers near real-time account-to-account transfers in both CDF and USD, cash-in/cash-out options, and virtual cards for online payments.

Equity Bank, PesaLink, and NALA have partnered to streamline and simplify remittances for Kenyans living abroad, enabling instant delivery of funds to mobile wallets and bank accounts in Kenya.

• Kenyans in the diaspora remitted $4.94 billion last year, making it a top source of foreign exchange for the country.
• The partnership combines PesaLink's instant payment infrastructure, supporting transfers up to Ksh 999,999 across 80+ institutions, with NALA's global fintech platform and Equity Bank's extensive local network.
• COO of NALA, Nicolai Eddy, highlighted that billions are lost annually to cross-border payment fees, emphasizing the goal to make payments faster, more reliable, and affordable.