Visa is expanding its presence in Africa by launching its first data center on the continent in South Africa, which will be the foundation for the company's future growth.
First Visa Data Center in Africa
Visa has opened its first data center in Africa in Johannesburg. This event marks an important step in the company's strategic expansion on the continent. The exact location and size of the center have not been disclosed for security reasons.
Visa's Investments in Regional Development
Visa announced a $57 million investment plan, which is part of a total budget of $1 billion for the African continent. These funds will be used to develop infrastructure and improve digital payments. Michael Berner, Visa's Country Manager for Southern and Eastern Africa, noted that the opening of the data center highlights the company's growth in the region.
Potential of Digital Payments in Africa
Experts believe that Visa's investment in local infrastructure will enhance financial inclusion in Africa. The digital payment economy on the continent is expected to reach $1.5 trillion by 2030 due to increased internet penetration and financial inclusion. Visa aims to leverage new technologies, including generative AI-enabled payments, to enhance service delivery and expand its offerings.
The opening of Visa's first data center in Africa is a significant milestone in the company's strategy to strengthen its presence on the continent and improve the conditions for digital payments.
