NeGSt and Visa Forge Groundbreaking Collaboration to Transform Nigeria’s Digital Economy
Abuja 13th September, 2023 – In a bold move to reshape digital payments and spur economic growth, NeGSt, a leading digital payment provider, has entered a strategic partnership with Visa Inc., a global payment technology leader. This collaboration aims to revolutionize Nigeria’s eGovernment sector by streamlining tax payments, social services, and public transactions.
Dr. Felix Babatunde Obada, Executive Vice Chairman of NeGSt-TAS, highlighted the impact of this partnership: “Our customized eGovernment solutions aim to benefit citizens, governments, and businesses alike. Partnering with Visa reinforces our commitment to sustainable economic growth and financial inclusion, ensuring Nigeria’s digital transformation strengthens communities.”
Aligned with Nigeria’s push to digitize its economy, the partnership enhances financial security and reliability in public services, streamlining tax collection and welfare distribution while reducing administrative delays. Beyond improving digital payments, Visa and NeGSt will drive community-focused financial solutions, including digital literacy programs to help Nigerians thrive in a digital economy.
The strategic agreement emphasizes initiatives for economic resilience, focusing on financial literacy and access. “Through digital literacy and technology training, we aim to empower individuals and businesses, enabling growth in a digitized world,” added Dr. Obada.
Visa’s support underscores its commitment to financial inclusion and economic development in emerging markets, with goals to make digital payments more accessible and promote entrepreneurship. “Combining our local insights with Visa’s global expertise, we’re set to enhance public and private sector efficiency, accelerate digitization, and foster financial inclusion,” Dr. Obada continued.
This landmark collaboration positions Nigeria as a regional leader in digital transformation, promising a more inclusive, efficient, and secure future for its citizens and businesses
