Rwandan central banks will now allow Visa to process transactions in the local currency.
Visa Inc., seeking to spread cashless commerce in Africa, will unveil Monday a partnership with the government of Rwanda to expand its business in the country.
Under the agreement, a partnership with Rwanda’s central bank and a new office in Kigali will allow Visa to process transactions in Rwandan francs. Visa will also expand its network of ATMs and businesses that accept Visa’s cards in Rwanda. In addition, it will train Rwandan officials in financial management, with an eye toward handling payments between the government and its vendors and employees. Wall Street Journal