Visa Introduces “Visa Pay” to Drive Digital Payments and Financial Inclusion in the DRC
the global leader in digital payments, has announced the launch of “Visa Pay” in the Democratic Republic of Congo (DRC), a new platform designed to provide secure, interoperable digital payment solutions for consumers and financial institutions.
The service allows both banked and unbanked individuals to pay, receive, and transfer money seamlessly through participating banks and mobile networks, marking a significant step toward advancing financial inclusion in the country.
Expanding Access to Finance
Visa Pay addresses the diverse financial needs of individuals and businesses in the DRC by offering a mobile-first banking experience. The platform features simple onboarding, advanced fraud detection and risk management tools, and near real-time money transfers in both Congolese francs (CDF) and U.S. dollars (USD).
Users can also deposit and withdraw cash through bank branches, while benefiting from easier access to online payments via virtual cards.
The service is being launched in partnership with eight leading financial institutions: Access Banque, BGFI, Equity Bank, FBN, Sofibanque, Solidaire Banque, TMB, and UBA. Visa Pay is available as a standalone app on the Apple App Store and Google Play, and can also be integrated directly into partner bank applications.
Boosting Economic Growth
Sophie Kavuti, General Manager of Visa in the DRC, said the launch reflects Visa’s commitment to broadening digital payment access and fostering financial inclusion.
> “Visa Pay will play a key role in stimulating economic growth and positioning the DRC as an emerging fintech hub in the region,” she noted.
Visa’s Broader Vision
The rollout of Visa Pay in the DRC is part of the company’s wider strategy to cement its role as a catalyst for financial inclusion and economic development across Africa. By leveraging strong local partnerships and advanced digital technologies, Visa aims to empower individuals and businesses to fully participate in the digital economy and unlock their growth potential.