STOCK TITAN

Visa and USAID are Working Together to Drive Inclusive Digital Government Ecosystems and Payment Digitization

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Visa and USAID announced a five-year collaboration to enhance digital government systems globally. The partnership aims to develop programs helping governments create platforms connecting constituents with local services, focusing initially on Sub-Saharan Africa, Latin America and the Caribbean, and the Caucasus. The initiative builds on their existing relationship, exemplified by their work on Ukraine's Diia mobile app, which connects 19 million Ukrainians with over 120 government services. The collaboration seeks to promote financial inclusion, economic growth, and digital literacy while supporting small-and-medium enterprises in developing markets.

Visa e USAID hanno annunciato una collaborazione quinquennale per migliorare i sistemi di governo digitale a livello globale. L'obiettivo della partnership è sviluppare programmi che aiutino i governi a creare piattaforme che collegano i cittadini ai servizi locali, concentrandosi inizialmente su Africa subsahariana, America Latina e Caraibi e Caucaso. L'iniziativa si basa sulla loro relazione esistente, esemplificata dal lavoro sull'app mobile Diia dell'Ucraina, che connette 19 milioni di ucraini con oltre 120 servizi governativi. La collaborazione mira a promuovere l'inclusione finanziaria, la crescita economica e l'alfabetizzazione digitale, sostenendo nel contempo le piccole e medie imprese nei mercati in via di sviluppo.

Visa y USAID anunciaron una colaboración de cinco años para mejorar los sistemas de gobierno digital a nivel mundial. La asociación tiene como objetivo desarrollar programas que ayuden a los gobiernos a crear plataformas que conecten a los ciudadanos con los servicios locales, centrándose inicialmente en África subsahariana, América Latina y el Caribe y el Cáucaso. La iniciativa se basa en su relación existente, ejemplificada por su trabajo en la aplicación móvil Diia de Ucrania, que conecta a 19 millones de ucranianos con más de 120 servicios gubernamentales. La colaboración busca promover la inclusión financiera, el crecimiento económico y la alfabetización digital, al tiempo que apoya a las pequeñas y medianas empresas en los mercados en desarrollo.

비자USAID는 전 세계적으로 디지털 정부 시스템을 개선하기 위한 5년 협력을 발표했습니다. 이 파트너십의 목표는 정부가 지역 서비스와 시민을 연결하는 플랫폼을 만들도록 돕는 프로그램을 개발하는 것이며, 초기에는 사하라 사막 이남 아프리카, 라틴 아메리카 및 카리브해, 코카서스에 초점을 맞춥니다. 이 이니셔티브는 우크라이나의 Diia 모바일 앱 작업을 통해 보여준 기존 관계를 바탕으로 합니다. 이 앱은 1900만 명의 우크라이나인을 120개 이상의 정부 서비스와 연결합니다. 이 협력은 재정적 포용, 경제 성장 및 디지털 리터러시를 촉진하면서 개발 시장에서 중소기업을 지원하는 것을 목표로 합니다.

Visa et USAID ont annoncé une collaboration de cinq ans pour améliorer les systèmes de gouvernement numérique dans le monde. L'objectif de ce partenariat est de développer des programmes visant à aider les gouvernements à créer des plateformes reliant les citoyens aux services locaux, en se concentrant initialement sur l'Afrique subsaharienne, l'Amérique latine et les Caraïbes, et le Caucase. Cette initiative s'appuie sur leur relation existante, illustrée par leur travail sur l'application mobile Diia de l'Ukraine, qui connecte 19 millions d'Ukrainiens à plus de 120 services gouvernementaux. La collaboration vise à promouvoir l'inclusion financière, la croissance économique et l'alphabétisation numérique tout en soutenant les petites et moyennes entreprises sur les marchés en développement.

Visa und USAID haben eine fünfjährige Zusammenarbeit zur Verbesserung der digitalen Regierungssysteme weltweit angekündigt. Ziel der Partnerschaft ist es, Programme zu entwickeln, die den Regierungen helfen, Plattformen zu erstellen, die Bürger mit lokalen Dienstleistungen verbinden, wobei der Fokus zunächst auf Sub-Sahara-Afrika, Lateinamerika und der Karibik sowie dem Kaukasus liegt. Diese Initiative baut auf ihrer bestehenden Beziehung auf, die durch ihre Arbeit an der Diia-Mobile-App der Ukraine exemplifiziert wird, die 19 Millionen Ukrainer mit über 120 Regierungsdiensten verbindet. Die Zusammenarbeit zielt darauf ab, finanzielle Inklusion, wirtschaftliches Wachstum und digitale Kompetenz zu fördern und gleichzeitig kleine und mittlere Unternehmen in den Entwicklungsländern zu unterstützen.

Positive
  • Partnership with USAID expands Visa's presence in emerging markets
  • Five-year commitment demonstrates long-term strategic investment
  • Successful implementation in Ukraine with 19 million users demonstrates scalability
Negative
  • None.

Insights

This partnership between Visa and USAID represents a strategic move to expand digital payment infrastructure in emerging markets. The five-year collaboration targets key regions including Sub-Saharan Africa, Latin America and the Caucasus, positioning Visa to capture significant market share in underserved areas with high growth potential.

The successful implementation of Ukraine's Diia app, reaching 19 million users with 120+ government services, serves as a proof of concept for future deployments. This initiative aligns with the global trend toward digital government services, which is expected to reach $1.2 trillion by 2025.

For Visa, this partnership provides:

  • Access to new markets with minimal infrastructure investment
  • Long-term revenue potential from government payment flows
  • First-mover advantage in digitizing government services
  • Enhanced brand reputation in emerging markets

Together, Visa and USAID aim to enable digitization of government systems and payments to promote financial inclusion and economic growth.

SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE: V), a world leader in digital payments, today announced it is working jointly with the United States Agency for International Development (USAID) to improve access to open, secure, and inclusive digital government systems across the world.

Following the recent launch of USAID’s Digital Policy, Visa and USAID will work together for five years to focus on developing programs to assist governments in creating and adopting platforms that connect their constituents with local government services. The joint work aims to promote economic development and growth in select markets by combining capabilities and expertise in digital government systems, digital payments, and support for constituents and small-and-medium enterprises.

Visa and USAID are working together to support the development and adoption of foundational digital government systems that will provide constituents convenient and secure access to government services and digital payments. Initial regions of focus will be Sub-Saharan Africa, Latin America and the Caribbean, and the Caucasus, with scope to expand further over the course of the joint work.

“Digital government systems can help enhance transparency and efficiency between communities and governments, fostering a more favorable environment for entrepreneurs and economic development,” said Chris Newkirk, Global Head of New Flows – Commercial & Money Movement Solutions. “Through shared interests and goals, Visa and USAID will empower communities with digital and financial literacy and support access to digital systems that will help drive financial inclusion for everyone, everywhere.”

“Digital development works best when governments and the private sector intentionally work together toward a shared vision of an inclusive digital future,” states Christopher Burns, USAID’s Chief Digital Development Officer and Director of USAID’s Technology Division. “We look forward to deepening our partnership with Visa, as we jointly work to drive digital financial inclusion for traditionally underserved consumers and strengthen digital public infrastructure across emerging markets.”

This work builds on a long-standing relationship between Visa, Visa Foundation, and USAID to drive digitization and financial inclusion globally. Most recently, Visa and USAID are both working with Ukraine’s Ministry of Digital Transformation to develop Diia, a mobile application that has helped connect 19 million Ukrainians with more than 120 government services. Visa Foundation works alongside USAID as two of the founding members of the Climate Gender Equity Fund (CGEF), a flagship initiative of the Women in the Sustainable Economy (WISE) Initiative, where Visa Foundation committed grants and investments to support an estimated 1.4 million gender equitable and climate-smart small businesses globally. Together, Visa and USAID aim to continue to help improve livelihoods, bolster economic opportunities, and close the gender digital divide in developing markets .

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About USAID

The United States Agency for International Development (USAID) is the United States’ government agency that leads international development and humanitarian assistance efforts to partner countries. We work together with individuals, communities, and countries around the world to improve everyday lives. USAID efforts provide humanitarian assistance, reduce poverty, strengthen democratic governance, advance economic opportunities, and help achieve progress beyond programs.

In the 21st century we live in an interconnected world. Our work benefits people around the world, including those in the United States. Many of the issues that we are encountering in the United States, like pandemics, climate consequences, and threats to the rule of law, are issues that people around the world are also facing. USAID’s investment in communities around the world helps achieve sustainable development progress, advancing our collective security, health, and prosperity. Learn more at USAID.gov.

Media Contact

Brittany Furia

brittany.furia@visa.com

U.S. Agency for International Development

Office of Press Relations

press@usaid.gov

Source: Visa Inc.

FAQ

What regions will Visa (V) and USAID's digital government initiative focus on initially?

The initiative will initially focus on Sub-Saharan Africa, Latin America and the Caribbean, and the Caucasus regions, with potential for further expansion.

How many Ukrainian citizens are connected through Visa (V) and USAID's Diia mobile application?

The Diia mobile application has connected 19 million Ukrainians with more than 120 government services.

How long will Visa (V) and USAID's partnership for digital government systems last?

Visa and USAID will work together for five years to develop and implement digital government systems.

VISA Inc.

NYSE:V

V Rankings

V Latest News

V Stock Data

605.16B
1.85B
0.57%
89.84%
1.05%
Credit Services
Services-business Services, Nec
Link
United States of America
SAN FRANCISCO