Visa has announced plans to establish a data center infrastructure in Nigeria, reinforcing its commitment to supporting the country’s growing digital economy.
The announcement was made during a courtesy visit to the State House in Abuja by Mr. Andrew Torre, Visa’s Regional President for Central and Eastern Europe, the Middle East, and Africa (CEMEA). Torre highlighted Visa’s substantial investments in Nigeria and its plans to introduce advanced technologies to enhance digital payment solutions.
“Visa has been making investments and will continue to make these investments in Nigeria. The planned data center infrastructure will bring new technologies that will strengthen the nation’s digital economy,” Torre said.
Visa has made a significant commitment to Nigeria’s financial ecosystem, investing over $1 billion to drive innovation and expand digital payment solutions. This substantial investment includes a $200 million stake in Interswitch, a leading player in Nigeria’s payment landscape, strengthening the country’s digital transaction infrastructure.
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Additionally, Visa has formed a strategic partnership with MoniePoint to enhance the accessibility and reach of digital payment services across Nigeria. This collaboration aims to provide more seamless and secure financial transactions, fostering greater financial inclusion.
In the agricultural sector, Visa is working with ThriveAgric to support smallholder farmers and improve food security. This initiative empowers farmers with the financial tools and resources needed to increase productivity and sustain their livelihoods
