Visa and Vivo Energy, have announced a Pan African agreement to provide digital payment services to consumers across 15 African countries, where both companies operate.
The partnership is geared towards growing digital commerce and will offer more Visa acceptance points in selected sites across Vivo Energy’s network of Shell-branded service stations and convenience shops in Africa.
Digital cashless transactions will enable the customers not only, to benefit from Vivo Energy’s high-quality fuels, lubricants, and services, but to also to be able to control and monitor their expenses. This partnership will enhance the customers’ experience by allowing them to enjoy the Visa payment technology. It will offer them convenience, security, and efficiency when they refuel as well as when they purchase food, drinks, magazines or more in the shops and restaurants located in Shell stations.
The two entities are optimistic that this move will spur the uptake of cashless payments in an environment where cash is still widely used by consumers and merchants. Research shows that almost 80 percent of most retail transactions are in cash, while the other 20 percent is mobile money and card transactions.