During a visit by Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA) Andrew Torre to Ethiopia, Visa unveiled plans to hold a second edition of the Visa Everywhere Initiative (VEI) fintech competition and launch its She’s Next women’s empowerment initiative. Through VEI, Visa will invite fintech start-ups in Ethiopia to share innovations to solve payment challenges of tomorrow. In 2021, ArifPay, Ethiopia’s first point of sale payments systems operator won the first VEI Ethiopia challenge. Since 2015, VEI has helped start-ups from over 100 countries collectively raise more than $16 billion in funding. Since 2020, Visa has invested over $3 million through more than 250 grants and coaching for women owned businesses through the program.

Source: Ethiopian News June 19, 2023 15:08 UTC