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Nigerian Agri-FinTech Tingo partners with Visa for secure cashless transactions


Nigerian Agri-FinTech company Tingo has partnered with Visa to launch digital payment offerings in Africa.

In a statement, the companies explain that the partnership gives Tingo’s subscribers access to secure cashless payments at more than 61 million merchants in more than 200 countries using Visa’s network while helping business subscribers to accept payments from customers and other third parties. The firms are introducing the Tingo Visa card and the TingoPay Super App and business portal.

“Given the importance of the agricultural sector to Africa’s present and future, this partnership will help to digitize the entire value chain for farmers by enabling seamless digital payments which will facilitate economic growth and support the financial inclusion agenda across the continent,” said Andrew Uaboi, head of Visa’s West Africa operations.

The investment is part of the $1 billion set aside by Visa for the African continent, aimed at accelerating digital transformation. Visa says it’s focused on deploying technologies and deepening collaboration with its partners such as merchants, governments, financial institutions (FIs), FinTechs, and mobile network operators over the next five years.

The startup provides innovative financial products, an Agri-trading platform, and credit solutions including distribution channels to advance financial inclusion and banking fintech services to rural farming communities.

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Simon is a tech enthusiast who keeps a close eye on emerging technologies, startups and the general business environment. You will often catch him totally immersed and drooling over Artificial Intelligence, Machine Learning, Virtual Reality, Augmented Reality, IoT and just about any other tech that promises to revolutionize the way we live. Send tips to snderitu@techtrendske.co.ke

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