Latest news with #CEMEA
Zawya
3 days ago
- Business
- Zawya
Africa: Yellow Card and Visa's strategic alliance aims to fast-track stablecoin adoption globally
Yellow Card, a licensed stablecoin payments orchestrator in Africa, has partnered with Visa to accelerate innovation in cross-border payments and digital financial infrastructure. The two will explore stablecoin use cases to streamline treasury operations, improve liquidity management, and enable faster, more cost-effective money movement across emerging markets. 'Traditional payment companies continue to question not 'if' they need a stablecoin strategy, but how quickly they can deploy one,' said Chris Maurice, co-founder and chief executive officer of Yellow Card. 'We are thrilled to partner with Visa to help realize the potential of stablecoins technology in emerging economies.' Godfrey Sullivan, senior vice president and head of product and solution for CEMEA, Visa, said, 'We're excited to team up with Yellow Card to enable faster and more accessible digital payments. We believe that every institution that moves money will need a stablecoin strategy. "As more players in the payments ecosystem explore this powerful new technology, Visa stands ready to help our partners navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments.' Yellow Card operates in more than 20 African countries and provides access to secure, compliant, and accessible stablecoin products for consumers, businesses, and developers. This partnership further cements Yellow Card's role as a critical financial gateway and infrastructure provider in emerging markets.
Yahoo
4 days ago
- Business
- Yahoo
Digital Payment Today - Africa's Digital Wallet Market Poised for Significant Growth
Africa's prepaid card and digital wallet market is projected to experience significant growth, with forecasts indicating a compound annual growth rate (CAGR) of 13.3% from 2025 to 2029, reaching an estimated value of $59.4 billion by 2029. This expansion is primarily driven by increased digital adoption, financial inclusion initiatives, and the integration of mobile money platforms, which collectively enhance access to financial services for unbanked populations. The rise of prepaid card solutions for younger demographics and their integration with mobile money platforms also play a crucial role in facilitating cross-border transactions and broadening the accessibility of financial services across the continent. The competitive landscape is marked by strategic partnerships and regulatory support aimed at transforming Africa's financial ecosystem. In other trading, was trading firmly up 5.7% and ending trading at ₩112,500. At the same time, lagged, down 6.7% to finish the session at $29.53, hovering around its 52-week low. SoFi Technologies' strategic partnerships and new loan products could rapidly increase its lending market share. Explore the full narrative to understand why timing might be crucial. closed at $70.05 up 2.2%. finished trading at $338.57 down 0.5%. On Friday, Visa appointed Tareq Muhmood as regional president for CEMEA, leading operations across 86 markets. ended the day at $15.20 down 1%. Last week, SoFi partnered with Benzinga to enhance its investing platform with advanced research tools and market insights. Click here to access our complete index of 200 Digital Payment Stocks, which features Banco Santander, Oversea-Chinese Banking and Jack Henry & Associates. Searching for a Fresh Perspective? AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Africa Prepaid Card and Digital Wallet Future Growth Report 2025, with SOLmate, Wallets Africa, Zywa, Shoprite, and more " from Research and Markets on GlobeNewswire (published 19 June 2025) Companies discussed in this article include KOSE:A138040 NasdaqGS:PYPL NYSE:V NasdaqGS:SOFI and NasdaqGS:CHYM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
4 days ago
- Business
- Business Insider
Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa
Experienced Visa executive to lead operations and presence across high-growth region with 86 markets Visa (NYSE: V) today announced the appointment of Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA). In his new role, the established Visa leader will be responsible for leading operations across more than 86 innovative and fast-growing markets. Visa's CEMEA operations today serve more than 1,800 clients from 23 local offices across the region. Mr. Muhmood brings more than 30 years of banking and payments experience to the role. He most recently served as head of Value-Added Services for Visa's Europe region, based in London, and originally joined Visa in 2019 as Group Country Manager for Southeast Asia, based in Singapore. Prior to joining Visa, Mr. Muhmood held senior leadership positions with Ahli United Bank, ANZ and HSBC. Mr. Muhmood will be based in Dubai, and will take on the role effective immediately, reporting to Oliver Jenkyn, Group President, Global Markets, Visa. Mr. Muhmood succeeds Andrew Torre, who was recently appointed as President of Visa's Value-Added Services business, which has rapidly grown into a $9B global business and has delivered annualized revenue growth of 20% since 2021. 'We are delighted to appoint a leader with Tareq's deep experience at the intersection of financial services, technology and high growth markets to lead Visa's fastest growing region and continue our journey to advance the future of digital payments across CEMEA,' said Mr. Jenkyn. 'During the course of his career, Tareq has worked in 13 countries, and brings unique global perspective, world-class leadership and a proven track record partnering with Visa's largest clients across diverse, complex and rapidly accelerating markets.' 'It is a great honor to lead the CEMEA region, and to continue the tremendous progress that has been made in transforming the future of payments, commerce and money movement across so many dynamic markets,' said Mr. Muhmood. 'Having spent more than a third of my career in the region, I am excited by the incredible opportunity to further expand digital payments amongst more consumers, merchants and economies. I look forward to working closely with our outstanding team to enable shared growth with clients and partners across the region.'
IOL News
5 days ago
- Business
- IOL News
Tareq Muhmood named new regional president for Visa's CEMEA operations
Visa has appointed Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa Image: Supplied Visa (NYSE: V) has announced the appointment of Tareq Muhmood as Regional President. The seasoned Visa leader is set to oversee operations in 86 dynamic markets, where Visa currently serves over 1,800 clients from 23 local offices. Muhmood steps into this pivotal role with an impressive background, bringing over 30 years of banking and payment experience. He previously led the Value-Added Services for Visa's Europe region out of London. His career at Visa began in 2019 when he took on the position of Group Country Manager for Southeast Asia, operating from Singapore. Prior to joining Visa, he held senior leadership roles at prominent financial institutions including Ahli United Bank, ANZ, and HSBC. With the regional headquarters based in Dubai, Muhmood's new position is effective immediately, as he reports to Oliver Jenkyn, Group President of Global Markets at Visa. He replaces Andrew Torre, who has been elevated to President of Visa's Value-Added Services business—a sector that has rapidly evolved into a USD 9 billion global operation and achieved a remarkable annual revenue growth of 20% since 2021. 'We are delighted to appoint a leader with Tareq's deep experience at the intersection of financial services, technology and high growth markets to lead Visa's fastest growing region and continue our journey to advance the future of digital payments across CEMEA,' remarked Jenkyn. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading He underscored Muhmood's global perspective, extensive leadership, and proven record of partnering with Visa's largest clients in various rapidly developing markets. On his appointment, Muhmood expressed enthusiasm, stating, 'It is a great honour to lead the CEMEA region and to continue the tremendous progress that has been made in transforming the future of payments, commerce, and money movement across so many dynamic markets.' With over a third of his career spent in the region, he looks forward to expanding digital payment solutions among consumers, merchants, and economies. 'I look forward to working closely with our outstanding team to enable shared growth with clients and partners across the region,' he added. Visa's CEMEA operations represent a crucial segment of the company's global ambitions, with digital payments becoming integral to commerce and everyday transactions. Under Muhmood's leadership, the company aims to enhance its service offerings and strengthen its position in these fast-evolving markets, thereby fostering a digitally connected economy. IOL
Zawya
5 days ago
- Business
- Zawya
Visa names Tareq Muhmood as Regional President for CEMEA
Arab Finance: Visa has appointed Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa (CEMEA), effective immediately, as per a press release. In his new role, Muhmood will lead operations across more than 86 dynamic and fast-growing markets, overseeing Visa's services to over 1,800 clients through 23 local offices across the region. He will be based in Dubai and report to Oliver Jenkyn, Group President of Global Markets at Visa. Muhmood brings more than three decades of experience in banking and payments. He most recently led Value-Added Services for Visa's Europe region from London. Since joining the company in 2019, he has also served as Group Country Manager for Southeast Asia, based in Singapore. Before Visa, he held senior leadership roles at Ahli United Bank, ANZ, and HSBC. He succeeds Andrew Torre, who was recently appointed President of Visa's Value-Added Services business. The unit has become a $9 billion global operation, posting annualized revenue growth of 20% since 2021. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
