Tuesday, April 21, 2015

Africa is the continent that will see the largest increase in electronic payments between now and 2016 – Visa

During the recent Prepaid Summit Middle East, Speaking on the presentation of the "Prepaid Innovative Product of the Year" award to UBA Cameroon, Mohamed Touhami El Ouazzani, General Manager of Visa for Morocco and Francophone Africa, stated: "I am very happy that UBA Cameroon has been recognised for its efforts in support of the development of electronic payments. Africa is the continent that will see the largest increase in electronic payments between now and 2016. In this area, Visa offers numerous innovation-based mobile banking services and solutions through its partnerships with financial institutions and international mobile phone businesses, notably via Samsung Pay and Apple Pay. Thanks to Visa Token Service technology, these two new services will facilitate secure payments with a broad range of connected devices. They will replace the sensitive payment account information contained on plastic cards with a digital account number that can be stored in complete safety on mobile devices and used to pay for purchases in stores or through apps."