FMB Capital Holdings (FMBCH) plc has signed a five-year strategic partnership with Visa Inc. to expand digital payments and advancing financial inclusion across southern Africa.
The agreement, signed on Tuesday in Blantyre, brings together FMBCH, the parent company of First Capital Bank and its subsidiaries in Botswana, Mozambique, Zambia and Zimbabwe under a unified framework.
| Courtesy of First Capital Bank
Speaking during the signing of the partnership in Blantyre on Tuesday, FMBCH group managing director Jaco Viljoen said the collaboration is expected to drive product innovation, infrastructure development, marketing initiatives and capacity building.
“We are looking at bringing new things to the market that will be more secure and make it much easier for people to transact across the region as well as within their own countries,” he said.
Visa cluster head for Central and Southern Africa Salome Makau said the partnership will strengthen Visa’s presence in Malawi and neighbouring markets.
Visa, based in San Francisco, United States operates one of the world’s largest digital payments networks, facilitating transactions among consumers, merchants, financial institutions and governments in more than 200 countries and territories.—The Nation
“This partnership will focus on delivering scalable, world-class and innovative payment solutions that benefit consumers, individuals and small businesses,” she said.
