back Back

Carbon partners with Visa to enable payments across Africa

By Pavithra R

June 30, 2021

  • Africa
  • Carbon
Share

Carbon partners with Visa to enable payments across AfricaCarbon, a pan-African fintech company providing access to basic financial services for Africans, has announced a strategic five-year partnership with Visa, the leader in digital payments, to offer both digital and physical issuance of Visa cards to its customers.

Carbon is launching Visa debit cards in the third quarter of 2021, a year after shifting from being a leading digital lending company to becoming a digital bank offering a range of financial services including, savings and payments. By leveraging Visa’s payment functionalities, Carbon will deploy an instant issuance process in 3 key markets including Nigeria, Ghana, and Kenya.

“Carbon is focused on delivering an unparalleled banking experience that is both safe and reliable across all touchpoints. We want more customers to enjoy some of our popular products like Carbon Zero through their Carbon card, and key to achieving this is our partnership with a leading payments and fintech-friendly company like Visa,” said Chijioke Dozie, CEO/Co-founder of Carbon.

The collaboration between the two companies includes financial support from Visa and will be spread over a 5x`-year partnership period. The funds will be used to provide implementation and marketing support to help drive further growth and adoption of Visa’s payment solutions across Carbon’s products. Incorporating Visa cards to its payments stack will also enable seamless access to Carbon Zero, the company’s Buy Now Pay Later (BNPL) product, which allows consumers zero percent financing on items they need the most but cannot afford immediately.

“The rapid pace of technology innovation has driven a powerful shift in business and consumer expectations in finance. Whether it is changing the way people invest, manage money, receive loans, or send real-time payments to friends and family, Visa is a natural partner for fintechs including Carbon, providing them with new ways to reach their customers through Visa’s vast network and global scale,” said Kemi Okusanya, Vice President, Visa West Africa.

Previous Article

June 30, 2021

Top 5 Financial Technology trends in the UK in 2021

Read More
Next Article

June 30, 2021

JCB International and Nets to boost contactless acceptance in the Nordics

Read More







Advertise with us



IBSi Daily News Analysis

Web 3.0 in FinTech

May 20, 2022

Africa

Will Web 3.0 unlock the future potential of FinTech?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 20, 2022

Payments made easy in Latin America: Interview with Jairo Riveros, Managing Director for the Americas and Global Head of Strategy at Paysend Global

Read More

May 20, 2022

Stripe joins the Snowflake Retail Data Cloud to unlock the value of payment data

Read More

May 20, 2022

PayerMax announces its launch in MENA to accelerate digital payments

Read More

Related Reports

Sales League Table Report 2021

£ 1,500.00 / year

Know More
Emerging Technologies in Capital Markets

£ 500.00

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More