Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Visa    V

VISA (V)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Ecobank launches mVisa across 33 African Countries

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/02/2017 | 05:59pm CET

LOME, Togo -- Ecobank (https://Ecobank.com) has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers.

The strategic tie-up signals interoperability on a cross border level -- and potentially huge gains -- as it affords consumers with the ability to use their mobile phone to directly access the funds in their bank accounts to pay person-to-merchant (P2M) or person-to-person (P2P).

Ecobank Scan+Pay with mVisa delivers instant, secure cashless payment for goods and services by allowing customers to scan a QR code on a smartphone or enter a unique merchant identifying code into either a feature phone or smartphone. The payment goes straight from the consumer's bank account into the merchant's account and provides real-time notification to both parties. This serves to accelerate digital commerce and combat some of the challenges merchants have faced using traditional point of sale systems, including the cost of installation coupled with the requirement of electricity and internet connectivity.

Ecobank mVisa solutions also enable customers to send money instantly to any Visa cardholder worldwide. This is a major innovation that serves the need of Africans in the diaspora by enabling them to simply link their Visa card to the Ecobank unified mobile app to send money home to another Visa cardholder quickly and securely.

"We are fulfilling our commitment to give every African the right to participate effectively in the global economy at an affordable price and in a convenient manner. Ecobank Scan+Pay with mVisa helps merchants -- particularly small and micro merchants--to grow their sales without the risks of carrying cash whilst also giving consumers the ability to pay for goods and services in a cashless manner from their phones. Consumers can also conduct person-to-person payments and instantly transfer money to their friends and family via their phones at very low cost," said Ecobank Chief Executive Officer Ade Ayeyemi.

The partnership demonstrates both Ecobank and Visa's continued commitment to provide financial services to the banked and unbanked in Africa by leveraging digital platforms to offer convenient and affordable payment mechanisms.

Andrew Torre, President for Visa Sub-Saharan Africa said, "We are glad to partner with Ecobank to bring mVisa into the market, a mobile payment solution with real benefits to drive digital transformation backed by advantages of Visa's global network - security, reliability and global acceptance, allowing consumers to make payments both domestically and internationally."

Patrick Akinwuntan, Ecobank Group Executive Consumer Banking, pointed out that the Ecobank mVisa solutions rollout significantly strengthens the banks person-to person payments capabilities. "Bringing this added functionality on our Ecobank mobile app connects families in Africa by delivering needed funds instantly anywhere, anytime. That's real value to our customers," he said.

Distributed by APO on behalf of Ecobank.

Visa Media Contact:

Emily Kaiga

Sub-Saharan Africa Corporate Communications

T: +204285016

Mob: +254708516544

E-mail: [email protected]

Ecobank Media Contact:

Mireille Bokpe-Anoumou

Group Communications

T: +228 22 21 03 03

E-mail: [email protected]

About Ecobank Transnational Incorporated ('ETI' or 'The Group')

Incorporated in Lome, Togo in 1988, Ecobank Transnational Incorporated ('ETI') is the parent company of the leading independent pan-African banking group, Ecobank. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Cote d'Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group employs over 17,000 people in 40 different countries in over 1,200 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals. Additional information on Ecobank can be found at http://Ecobank.com.

About Visa Inc.

Visa Inc. (NYSE: V) is the world's leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company's relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere.As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

For more information visit http://usa.visa.com/aboutvisa, http://visacorporate.tumblr.com and @VisaNews.

.

(c) 2017 M2 COMMUNICATIONS, source M2 PressWIRE

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VISA
02:07p VISA : Survey Reveals Consumers Are Ready to Say Goodbye to Passwords
12/12 COMMONWEALTH BANK OF AUSTRALIA : Acquires 3,782 Shares of Visa Inc.
12/07 VISA : Debuts an Interactive Shopping Experience for the Olympic Winter Games Py..
12/07 VISA : See, Hear and Feel the Evolution of Visa Through Sensory Branding
12/04 Ibm Retirement Fund Upped Ingersoll (IR) Position; Visa (V) Has 1.13 Sentimen..
11/29 VISA : US, China & France Represent Top Three Spenders Among Visitors to Canada ..
11/29 LANKAN CONSUMERS KEEN TO ADOPT DIGIT : Visa survey
11/28 VISA : Readies Digital Payments for the Projected 500,000 Visitors Traveling to ..
11/28 VISA : Readies Digital Payments for the Projected 500,000 Visitors Traveling to ..
11/22 VISA : Should You Buy BlackBerry Ltd, salesforce, Micron, Palo Alto Networks or ..
More news
News from SeekingAlpha
12/13 The Value Of Reliability And Why Omega Healthcare Is A Value Trap
12/11 American Express As A Dividend Income Investment
12/11 PAYPAL : Evaluating Performance, Growth, And Valuation After The Dip
12/06 MASTERCARD : Is The Recent Pullback A Buying Opportunity?
12/05 November Dividend Income Report
Financials ($)
Sales 2018 20 097 M
EBIT 2018 13 763 M
Net income 2018 9 365 M
Debt 2018 10 195 M
Yield 2018 0,70%
P/E ratio 2018 28,02
P/E ratio 2019 24,08
Capi. / Sales 2018 13,3x
Capi. / Sales 2019 11,5x
Capitalization 257 B
Chart VISA
Duration : Period :
Visa Technical Analysis Chart | V | US92826C8394 | 4-Traders
Technical analysis trends VISA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 122 $
Spread / Average Target 7,6%
EPS Revisions
Managers
NameTitle
Alfred F. Kelly Chief Executive Officer & Director
Ryan McInerney President
Robert W. Matschullat Independent Chairman
Vasant M. Prabhu Chief Financial Officer & Executive Vice President
Rajat Taneja Executive Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
VISA44.32%256 783
MASTERCARD45.17%160 589
PAYPAL HOLDINGS84.72%89 050
PALO ALTO NETWORKS INC14.22%13 312
XIAMEN MEIYA PICO INFORMATION CO LTD--.--%1 635
MIMECAST LTD60.56%1 560