A couple of weeks ago, digital payments leader Visa opened its first African Innovation Studio in Kenya.
The new studio has been designed to support Visa partners in the region with access to develop solutions that strengthen their capabilities to develop fintech products. This studio came at the right time when the demand for fintech solutions continues to grow, partly driven by the pandemic.
With the Innovation Studio, Visa says it wants to support its commitment to promoting innovation and creating opportunities for clients and fintech partners to co-create market-relevant payment and commerce solutions throughout Sub-Saharan Africa.
One of the products the company will be offering and working on at the studio is Merchant solutions, a virtual card that can be used by merchants to accept digital payments at their shops/stores.
