Nigeria’s e-Government and digital technology service provider, NeGSt-TAS Technologies Limited on Thursday formalised a strategic partnership agreement with Visa Incorporated to digitise the Nigerian economy.
The partnership came amid the recent US-Africa Business Forum in Washington DC where the Chairman and Chief Executive of Visa Incorporated, Alfred Kelly, pledged to invest the sum of $1bn over the next five years to digitise African economies.
This was with a view to advancing resilient, innovative and inclusive economies across the continent that would enable greater access to digital literacy and payments as entry points for expanding formal financial services to individuals and merchants.
The partnership deal, according to its promoters, aimed to adapt digital tools in the process of moving from analogue to digital technology, while at the same time mainstreaming access opportunities, generating increased income and ensuring accountability and sustainability of the national economy for the benefit of all.
The Executive Vice Chairman of NeGSt-TAS, Babatunde Obada, during the signing of the agreement in Abuja, said since Visa had digitised some countries, doing same in Nigeria was a possibility.
He said, “VISA digitised the economy of America, they have successfully digitised the economy of Europe, they are presently digitising the economy of Ukraine, they are also digitising the economy of the UAE. If you see things moving so smoothly in the UAE, it is VISA.