Visa knows that Africa is the world's next superpower. You should pay attention too💡; Checkout.com’s valuation cut by 72% 🤯; Mastercard & Marqeta are making a major push into B2B payments 🚀
FinTech is Eating the World, 15 December
Hey Everyone,
Happy Thursday! We’re almost done with the week but it never stops giving 😳 Today we’re going to look at Visa which knows that Africa is the world's next superpower (& you should be paying attention too!), Checkout.com whose valuation was cut by 72% (what this means?), and Mastercard & Marqeta that are making a major push into B2B payments (you can’t ignore this too!). Let’s just jump straight into the fascinating stuff:
Visa knows that Africa is the world's next superpower. You should pay attention too💡
The news 🗞 Payments giant Visa V 0.00%↑ has pledged to invest as much as $1 billion in Africa over the next 5 years to accelerate the deployment of digital payments across the continent.
More on this 👉 The American payments goliath says it will scale its operations in Africa, and deepen collaboration with strategic partners including governments, financial institutions, mobile network operators, FinTechs, and merchants.
The investments will also focus on strengthening the payment ecosystem through new innovations and technologies, supporting the digitization of economies, and investing in upskilling, talent development, and capacity building.
Why this matters? 🤔 I said this numerous times and I must repeat it again - Africa is the Next BIG thing. Although still very few get this, Visa seems to be amongst those that fortunately do.
This becomes especially important once you realize that Africa is going to be the driving force for cryptocurrency adoption globally 🚀
Here’s more on that + the takeaway 🥡 :