Visa, a US-based payments company, and Oxfam America, an anti-poverty NGO, announced during the recent COP28 meetings in the UAE that they plan to scale Oxfam’s Building Resilient, Adaptive and Disaster-ready Communities (B-READY) project to deliver relief payments in advance of storms and flooding in Colombia, Kenya and the US territory of Puerto Rico. B-READY was launched in
Tag: visa
MICROCAPITAL BRIEF: Paywatch, Visa to Expand Early Access to Wages, Payment Services in Asia
Paywatch, a Malaysia-based provider of earlier access to salaries in East and Southeast Asia, recently entered an agreement with US-based financial technology firm Visa to expand its geographic range as well as the range of payment services it provides to people in Asia – particularly Southeast Asia – who otherwise
MICROCAPITAL BRIEF: Axis Launches axisPay Mobile Money App for Small Businesses in Egypt
The Egypt-based firm axis recently launched its mobile banking app axisPay, after raising USD 8.25 million in seed funding in 2021. The app targets small enterprises and their employees, though a version for individual users is being tested. Among the app’s functions are to
MICROCAPITAL BRIEF: Tingo Mobile Launches Visa Card, TingoPay Super App, Business Portal in Africa
Tingo Mobile, a subsidiary of the US-based Tingo Group that previously focused on providing technology services to farmers in Africa, is now targeting business owners of all types with its recently announced Tingo Visa card, TingoPay app and TingoPay business portal. Through these products, which leverage the firm’s new partnership with US-based digital payments company
MICROCAPITAL BRIEF: Visa Everywhere Initiative Accepting Applications for $500k Fintech Innovation Competition
US-based payment technology firm Visa and TechCrunch, a media company owned by US-based technology firm Yahoo, recently opened the Visa Everywhere Initiative 2022, a contest awarding USD 500,000 in prizes to firms that “deliver innovative payment and commerce solutions.” Applicants apply based on their
MICROCAPITAL BRIEF: Visa Testing Offline Payment System in India to Expand Financial Inclusion in Rural Areas with Poor Internet Connectivity
Visa Incorporated, a US-based payments company, recently announced it is expanding its pilot-testing of a system to enable payments in areas without a stable internet connection. Having completed a successful trial in five villages in the Indian state of Karnataka, Visa is partnering with
MICROCAPITAL BRIEF: BlueOrchard Raises $207m in Equity for COVID-19 Emerging and Frontier Markets MSME Support Fund – Adding IDB, Visa Foundation as Investors
BlueOrchard Impact Investment Managers, a member of the UK-based Schroders Group, recently announced it raised USD 207 million in the second close of its COVID-19 Emerging and Frontier Markets MSME Support Fund, which is intended to counter “the economic consequences of the COVID-19 pandemic” among micro-, small and medium-sized enterprises (MSMEs) in low- and middle-income countries. The new investors in the funding round include IDB Invest, a member of the Inter-American
MICROCAPITAL BRIEF: Turkish Mobile-payments Platform ininal Partners with Visa to Offer Cash-out at ATMs
A provider of digital wallets in Turkey, ininal, recently partnered with Visa, a US-based payment technology company, to offer prepaid Visa cards to its 3 million customers. This will allow ininal customers
MICROCAPITAL BRIEF: Woman-owned Fintech Tez of Pakistan, Green Girls Organization of Cameroon Win $200k in Visa Everywhere Initiative
Tez Financial Services, a private firm in Pakistan, and Green Girls Organization, an NGO in Cameroon, each recently won prizes of USD 100,000 in the inaugural iteration of the Women’s Global Edition of the Visa Everywhere Initiative, a program of US-based payments technology company Visa that is intended to