Kuda Technologies has partnered with Visa to offer virtual and physical Visa cards to its customers. With the collaboration, the fintech startup is expected to have more control over its cards.
Kuda said in a statement: “We continue to grow significantly, switching from a third-party card provider to a direct issuer of physical and virtual Visa cards. This will give us more control over the quality of card services we offer while also facilitating our mission to make banking accessible, affordable and rewarding for Africans, “it said.
Kuda CEO, Babs Ogundeyi said, “Visa inspires confidence, and partnering with them to help us offer reliable card services independently has been one of our top priorities since Kuda launched in 2019. We’re proud that we’ve finally made this happen and we look forward to promoting cashless payments across Africa together.”
“The rapid pace of technology innovation has driven a powerful shift in business and consumer expectations in financial services,” said Andrew Uaboi, Country Manager, Visa Nigeria.
“Whether it is changing the way people invest, manage money, receive loans, or send real-time payments to friends and family, Visa is a natural partner for fintechs including Kuda, providing them with new ways to reach their customers through Visa’s vast network and global scale.
“We look forward to expanding the partnership to other countries in Africa as Kuda continues to scale across the continent,” Uaboi said.