Visa Launches Innovation Programme

Feb 20 , 2021


Visa, a global payments technology firm, announced the launch of a worldwide innovation programme dubbed the Visa Everywhere Initiative in Ethiopia. The Initiative aims to give a platform for cutting-edge solutions for digital payment through identifying and collaborating with fintech firms. Fintech startups can apply to the programme starting from last week up until early April. The startups are expected to pitch their ideas to experts in the payments industry with selected winners advancing to compete on the Central Europe, Middle East & Africa stage for a chance to win a prize of 25,000 dollars. Regional winners will then go on to compete at a global stage for a potential 100,000-dollar grand prize. Since its inception in 2015, the Initiative has expanded into a global platform with more than 6,000 participating startups that have collectively raised over 2.5 billion dollars in funding. The programme has been rolled out in North America, Latin America, Europe, Asia, the Middle East and Africa, involving over 100 countries.


Radar

WET MIRAGES

A booming plastic container market around the Saris area bustles with shoppers inspecting the selections. Water supply shortages have plagued the capital as an expanding population size's demand is unmet by the drops moving through the pipes. The Addis Abeba Water & Sewage Authority relies heavily on underground wells and surface water from the Legedadi, Dire and Gefersa dams. With the Authority digging 28 wells to meet the demand shortage, several parts receive water through the taps three...


Radar

LEANING LOSSES

A telephone pole gently rests aside DebreZeit road, tucked into the city's ageing infrastructure. Ethiopia's infrastructure has been under rising assault by robbers who mimic maintenance workers appointed by the state. The ones pared from theft are constantly a victim of subdued synergy between government bureaus. The International Journal of Scientific & Technology Research published a study in 2020 indicating that lack of coordination between agencies was a significant factor in delays, co...


Radar

FESTIVE MEDLEYS

Traditional holiday hymns are sung by a group of men dressed in cultural outfits with decorations made from a horse's mane around the Bole area. The early weeks of September bring with them a panoply of festivities. A soft holiday spirit glistens the streets of Addis Abeba, while roaring hordes of shoppers grappling with inflation rates near 30pc do not grace marketplaces like they used to. The tight clampdown on access to foreign currency by the Ministry of Finance which banned the import of 3...


Back
WhatsApp
Telegram
Email