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EXCLUSIVE: Collaboration with Regional Fintech Firms Excites Visa President, Ryan McInerney

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…Promises further Support for Digital Payment, Credit & Financial Inclusion

Huge opportunities to work with Fintech firms in the English West African region has excited Visa President, Ryan McInerney, as he concludes his working visit to Nigeria.

McInerney had an exploratory meeting with three Nigerian Fintech companies and one from Ghana on Wednesday at Visa’s corporate office in Lagos. At the meeting are the CEOs of Carbon, Flutterwave and Innovectives. Expresspay flew the Ghanaian flag at the meeting.

Reliable sources at the meeting told FINTECH AFRICA that each of the Fintech firms presented collaborations roadmap to the world’s leader in cards and digital payments, which detailed areas where each Fintech firm would work with the payment company.

The objective of the meeting centred on how Visa could deepen its footprint in the region by working with Fintech firms that are already enabling digital payments and providing access to credits and financial inclusion.

The meeting also discussed how Visa would tweak the way it is engaging with Fintech firms today, with the Fintech firms preferring “to engage directly with Visa” rather than working with Visa “through the banks”, our sources said.

McInerney, therefore, assured the Fintech firms that Visa will engage and collaborate with the regulator more to share global best practices that will move the payment ecosystem forward.