The two companies have joined forces to provide secure and reliable payments in Francophone Africa. The first phase will start in Cameroon.
By the editorial staff
PaySika, which specialises in Fintech in Francophone Africa, has just formed a strategic partnership with Visa, the world leader in digital payments. This programme, called Fintech Fast Track Visa, will accelerate the integration process of PaySika in Central Africa. PaySika will benefit from VisaNet’s expertise in processing tens of thousands of secure and reliable payments per second. In addition, Fintech Fast Track facilitates PaySika’s access to Visa’s network of partners and experts to support its operations in an efficient manner.
« PaySika makes it possible to manage everything autonomously without going anywhere with free prepaid bank cards »
This strategic partnership is justified, according to the Co-Founder and President of PaySika, Roger Nengwe, by the fact that « everyone must have access to a range of financial services with ease to better manage their money and payments ». Access to these services is facilitated by « a simple application that allows you to manage everything autonomously without going anywhere with free prepaid bank cards. » PaySika is then convinced that « this will bring a strong added value to our users and particularly to the new generation, for whom we see a very strong appetite for this kind of services. That’s the whole point of this partnership, which will enable us to expand progressively and rapidly in Central Africa (starting with Cameroon) and other regions.
« Visa’s Fast Track facilitates PaySika’s access to Visa’s experts, technology and resources »
The same is true of Visa, whose Managing Director for West and Central Africa, Ismahill Diaby, says that « by joining Visa’s Fast Track programme, exciting fintechs like PaySika benefit from unprecedented access to Visa’s experts, technology and resources ». What’s more, he points out, « the programme provides new resources that high-growth companies need to scale effectively.
« PaySika is developing its digital banking solutions in French-speaking Africa, where the bancarisation rate is less than 20% »
As a reminder, PaySika is a French fintech co-founded by Roger Nengwe Ntafam and Stezen Bisselou-Nzengue. According to them, PaySika is developing a set of digital banking solutions for French-speaking African countries, where more than 80% of the population is unbanked. « By building on the success of the smartphone and the emergence of a regulatory environment conducive to Fintechs, PaySika responds to an urgent need to offer banking services to as many people as possible, starting with Cameroon, and at an extremely low cost, » says the company.
Visa is the global leader in digital payments, facilitating payment transactions between consumers, merchants, financial institutions and government entities in over 200 countries and territories. « Our mission is to connect the world through the most innovative, flexible, reliable and secure payments network, enabling people, businesses and economies to thrive, » its website says. Visa also believes that « economies that include all people everywhere encourage them and access is fundamental to the future of money transfers.
