Visa invests in Nigerian fintech unicorn, Moniepoint
Bendada.com | Joseph - Jan 23, 2025
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VisaFlutterwaveInterswitchGoogleMoniepoint
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  • Visa invests $10 million in Nigerian fintech unicorn Moniepoint.
  • Moniepoint has over 200,000 Points of Sale (PoS) agents.
  • The company processes over 1 billion transactions monthly with a total payment volume exceeding $22 billion.
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The investment by Visa in Moniepoint is a strategic move that not only reinforces Visa's commitment to expanding digital payment solutions in Africa but also highlights the growing importance of fintech in driving economic growth in the region. This partnership could significantly transform the financial landscape, particularly for SMEs that have been underserved in the traditional banking system.
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