- Visa Inc (NYSE:V) committed to investing $1 billion in Africa over the next five years to advance digital transformation across the continent.
- Visa’s expanded investments indicate the company’s long-term commitment to Africa’s growth potential.
- Visa will enable greater access to digital payments as an entry point for developing formal financial services for individuals and merchants.
- Also Read: Visa CEO Alfred F. Kelly Jr, Incidental To Its Digital Shift Retires, Names New Chief
- Visa Chair and CEO Alfred F. Kelly, Jr. outlined the pledge during the U.S.-Africa Business Forum alongside the U.S.-Africa Leaders Summit in Washington, DC.
- The pledge will further scale Visa’s operations in Africa and deepen collaboration with strategic partners, including governments, financial institutions, mobile network operators, fintech, and merchants.
- The investments will also focus on strengthening the payment ecosystem through innovations and technologies, supporting the digitization of economies, and investing in upskilling, talent development, and capacity building.
- Price Action: V shares traded higher by 1.12% at $215.42 on the last check Wednesday.
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Rosenblatt Reiterates Buy on CEVA, Maintains $45 Price Target
Rosenblatt analyst Kevin Cassidy reiterates CEVA (NASDAQ:CEVA) with a Buy and maintains $45 price target.
