Visa Invests In Nigeria's Moniepoint To Drive SME Growth And Digital Payments: Details

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Visa Inc. (NYSE:V) has invested in Moniepoint Inc., a business payment and banking services platform in Nigeria. This investment underscores Visa’s commitment to driving financial inclusion, advancing...

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(NYSE:V) has invested in Moniepoint Inc., a business payment and banking services platform in Nigeria.\nThis investment underscores Visa’s commitment to driving financial inclusion, advancing...</p>\n\n<a href=\"https://finance.yahoo.com/news/visa-invests-nigerias-moniepoint-drive-160754135.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Visa Invests In Nigeria's Moniepoint To Drive SME Growth And Digital Payments: Details</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVisa Invests In Nigeria's Moniepoint To Drive SME Growth And Digital Payments: Details\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-24 00:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/visa-invests-nigerias-moniepoint-drive-160754135.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Visa Inc. (NYSE:V) has invested in Moniepoint Inc., a business payment and banking services platform in Nigeria.\nThis investment underscores Visa’s commitment to driving financial inclusion, advancing...</p>\n\n<a href=\"https://finance.yahoo.com/news/visa-invests-nigerias-moniepoint-drive-160754135.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1064131342.USD","symbol_name":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","start_time":0,"source_url":"https://finance.yahoo.com/news/visa-invests-nigerias-moniepoint-drive-160754135.html","article_id":"2505043190","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505043190","pubTimestamp":1737648474,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Visa Inc.  has invested in Moniepoint Inc., a business payment and banking services platform in Nigeria.This investment underscores Visa’s commitment to driving financial inclusion, advancing digital payments, and supporting SME growth across Africa. 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(NYSE:V) has invested in Moniepoint Inc., a business payment and banking services platform in Nigeria.\nThis investment underscores Visa’s commitment to driving financial inclusion, advancing digital payments, and supporting SME growth across Africa. The financial terms of the investment were not disclosed.\nFounded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint Inc (formerly known as TeamApt Inc), processes over 1 billion transactions monthly, with total payments volume exceeding $22 billion.\nVisa’s investment reinforces Moniepoint’s mission to empower African businesses, accelerating its growth and expansion across the continent.\nVisa joins other notable investors, including Development Partners International and Google’s Africa Investment Fund, in advancing Moniepoint’s efforts.\nAndrew Torre, Regional President, Central and Eastern Europe, Middle East and Africa at Visa, said, “Moniepoint has built an impressive platform that directly addresses the needs of Africa’s SMEs, a critical segment in enabling economic development.”\n“Visa’s investment in Moniepoint is the latest example of our long-standing commitment to advancing digital economies in Africa. We will enable even the smallest businesses to thrive through innovative payment and software solutions that allow SMEs to scale and open new revenue opportunities, while streamlining their operations.”\nTosin Eniolorunda, Founder and Group CEO of Moniepoint, said, “Given that about 83% of employment across Africa is in the informal economy, we are very keen to widen access and participation in the formal financial system and drive economic growth across Africa.”\nVisa expects to release first-quarter 2025 results on January 30, 2025.\nInvestors can gain exposure to the stock via SPDR Select Sector Fund – Financial (NYSE:XLF) and iShares U.S. Financial Services ETF (NYSE:IYG).\nPrice Action: V shares are up 0.72% at $325.88 at the last check Thursday.\nRead Next:\n\nThis Analyst Prefers Visa Over Mastercard In 2025 – Here’s Why\n\nImage: Shutterstock/ Tony Stock.\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nVISA (V): Free Stock Analysis Report\n\nThis article Visa Invests In Nigeria's Moniepoint To Drive SME Growth And Digital Payments: Details originally appeared on Benzinga.com\n© 2025 Benzinga.com. Benzinga does not provide investment advice. 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