African fintech Moniepoint gets Visa backing, plans to work on contactless payments
- Visa invests over $10 million in Moniepoint.
- Moniepoint's Series C funding exceeds $120 million.
- Moniepoint processes over 1 billion transactions monthly.
Visa's investment in Moniepoint represents a significant step towards enhancing the digital payment landscape in Nigeria, particularly for SMEs. This partnership could lead to increased financial inclusion and innovation in payment solutions, but it will be crucial to address regulatory challenges to fully realize the potential of contactless payments in the region.
