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Visa Inc., the global leader in digital payments and Pesapal have today announced a strategic partnership to drive connected digital payments to consumers and businesses in Africa. Pesapal will become a Visa Principal Member driving small business acquiring and issuing. Pesapal has created Africa's only payments ecosystem that offers Ecommerce, Point of Sale and Consumer applications on one platform. Pesapal recruits and supports businesses to be able to digitize payment collection securely while integrating to business internal systems such as POS, ERP, Accounting and Billing systems. By integrating businesses, Pesapal is then able to drive consumer payments to the merchants on the same platform. Since its inception, Pesapal has been driving a connected payment experience for merchants and consumers. Previously, digital payments were only available to large businesses. Pesapal has changed this with Sabi - a mobile point of sale solution that enables small businesses to accept ...

Visa Inc., the world leader in digital payments, introduced Visa Secure (previously known as Verified by Visa), an updated program to help make online payments more secure. Available across the Central and Eastern Europe, Middle East and Africa (CEMEA) region, Visa Secure provides rules and policies merchants and issuing banks have to follow to authenticate eCommerce transactions and verify cardholder identity before a transaction can be authorized. Visa Secure uses the latest EMV 3-D Secure (3DS) specification, which is the new industry-wide messaging protocol designed to promote frictionless consumer authentication. It enables consumers to verify their identity with their issuing bank or other entity (issuer) when making card-not-present (CNP) eCommerce/online payments. The additional security layer helps prevent unauthorized CNP transactions and helps protect merchants from exposure to CNP fraud. Visa Secure has been designed to provide increased fraud protection, minimize cardh...

COVID-19: SMEs in Kenya set to benefit from KSH. 63.9M Relief Fund as Boehringer Ingelheim steps up effort with Global Support Program A Boehringer Ingelheim scientist from one of the areas of research and development (R&D) Boehringer Ingelheim, one of the largest pharmaceuticals in the world has significantly stepped up its support to the fight against COVID-19. A Global Support Program has been set up to bring more financial relief, protective materials and medicine donations to healthcare institutions and communities in need around the world. Local social enterprises are expected to receive EUR 555,000 an equivalent of KSH. 63.9M in support of their programmes in Kenya. Some of the beneficiaries of this fund include local enterprises such as Access Afya, Healthy Entrepreneurs and Jacaranda Health. “As a pharmaceuticals company, we feel a strong commitment to offering our help to patients, and to those who help them”, said Hubertus von Baumbach, Chairman of the B...

The Visa Foundation today announced a commitment of two programs totaling $210 million (Ksh 21 billion) to to address the urgent need from local communities following the spread of COVID-19, as well as to support small and micro businesses, aligning with the Foundation’s long-term focus on women’s economic advancement and inclusive economic development. The first program of $10 million (Ksh 1bn) is designated for immediate emergency relief to support charitable organizations on the frontlines responding to the COVID-19 pandemic, such as public health and food relief, in each of the five geographic regions in which Visa operates, including Kenya. “As COVID-19 continues to unfold, communities are feeling the effects and need our immediate support,” said Al Kelly, CEO and chairman of Visa. “As a global company that operates a very local business, we recognize this need. We’re also committed to the long-term recovery and will continue to explore ways we can accelerate economic...