USAfrica: Visa invests $200m in Nigeria’s digital payments company Interswitch

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Special to USAfricaonline.com & MyAfricaStore.com

Nigeria’s digital payments company Interswitch has confirmed a few hours ago that the financial services heavyweight Visa has acquired a minority equity stake in the firm.

The implication is significant as Interswitch notes “The investment makes Interswitch one of the most valuable African fintech businesses with a valuation of $1 billion.” Interswitch is based in Lagos. By Chido Nwangwu