[ALUG] Fwd: [wanabidii] e-Payments: Africa is the continent that will see the largest increase in electronic payments between now and 2016 - Visa

Wed Apr 15 18:37:06 EAT 2015

Heri Jackson.
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From: News Release - African Press Organization (APO) <no-reply at apo-opa.com>
Date: Tue, Apr 14, 2015 at 3:04 PM and 2016 - Visa
To: "News Release - African Press Organization (APO)" <no-reply at apo-opa.com>

If you cannot read that message, click here
<https://appablog.wordpress.com/2015/04/14/uba-cameroon-wins-prepaid-innovative-product-of-the-year-award-for-its-innovative-cobranded-student-id-visa-prepaid/>
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*APO content is copyright free and can be republished at will.*

*[image: visa.png]* <http://www.corporate.visa.com/>

*PRESS RELEASE*

*Africa is the continent that will see the largest increase in electronic
payments between now and 2016 - Visa*

*UBA Cameroon Wins "Prepaid Innovative Product of the Year" Award for its
Innovative "Cobranded Student ID Visa Prepaid"*

CASABLANCA, Morocco, April 14, 2015/ *-- *Visa (NYSE: V) (
http://www.corporate.visa.com), an international electronic payment
company, sponsored the Prepaid Summit Middle East event for the sixth
consecutive year in 2015. The event was held in Dubai. Uniting over 150
leading participants, this conference is a regional standard for the
electronic payments industry.

[image: Capture.PNG]
<http://www.photos.apo-opa.com/plog-content/images/apo/photos/150413v.jpg>Logo:
http://www.photos.apo-opa.com/plog-content/images/apo/logos/visa.png

Photo 1:
http://www.photos.apo-opa.com/plog-content/images/apo/photos/150413v.jpg

Photo 2:
http://www.photos.apo-opa.com/plog-content/images/apo/photos/150413v1.jpg

On this occasion, various awards were presented during a ceremony to
regional financial institutions, including a significant number based in
Africa and the Middle East. These were Al Ahli Bank of Kuwait, Banque Al
Jazira, Banque Libano-Française, Commercial Bank of Qatar, SCC Bank, Kuwait
Finance House and United Bank of Africa (UBA) Cameroon.

After the awards ceremony, UBA Cameroon was crowned the winner of the
"Prepaid Innovative Product of the Year" award for its innovative
"Cobranded Student ID Visa Prepaid" concept, which aims to provide
universities and students with a multi-function Visa card.

Serving as an identification card for the student, with information
identifying the student and indicating his or her department and university
year, this reloadable prepaid card can also be used internationally. This
is the first prepaid programme of its kind in Francophone Africa.

Thanks to its Student UBA prepaid Visa card, UBA Cameroon has signed three
partnerships with the largest universities in the country: Université de
Douala, Université de Yaoundé 1 and Université de Yaoundé 2. Today, 50,000
cards are used by students at Université de Douala and close to 100,000
more are being produced for Université de Yaoundé 1 and Université de
Yaoundé 2.

Speaking on the presentation of the "Prepaid Innovative Product of the
Year" award to UBA Cameroon, Mohamed Touhami El Ouazzani, General Manager
of Visa for Morocco and Francophone Africa, stated: "I am very happy that
UBA Cameroon has been recognised for its efforts in support of the
development of electronic payments. *Africa is the continent that will see
the largest increase in electronic payments between now and 2016*. In this
area, Visa offers numerous innovation-based mobile banking services and
solutions through its partnerships with financial institutions and
international mobile phone businesses, notably via Samsung Pay and Apple
Pay. Thanks to Visa Token Service technology, these two new services will
facilitate secure payments with a broad range of connected devices. They
will replace the sensitive payment account information contained on plastic
cards with a digital account number that can be stored in complete safety
on mobile devices and used to pay for purchases in stores or through apps."

This year, the Prepaid Summit Middle East awards committee received a
record number of nominations from over 50 countries, including Algeria,
Cameroon, Burkina Faso, Jordan, Kuwait, Lebanon, Pakistan, Qatar and the
United Arab Emirates.

*Distributed by APO (African Press Organization) on behalf of Visa Inc.*

*Media contact:*

Ahmed Reda Kassem

Corporate Communications Director

North and West Africa

E-mail: akassem at visa.com

*About Visa Inc.*

Visa (http://www.corporate.visa.com) is a global payments technology
company that connects consumers, businesses, financial institutions and
governments in more than 200 countries and territories to fast, secure and
reliable electronic payments. We operate one of the world's most advanced
processing networks, VisaNet, which is capable of handling over 56,000
transaction messages a second, with fraud protection for consumers and
assured payment for merchants. Visa is not a bank and does not issue cards,
extend credit or set rates and fees for consumers. Nevertheless, Visa's
innovations enable its financial institution customers to offer consumers
more choices: pay now with debit, ahead of time with prepaid or later with
credit. For more information, visit the website: www.corporate.visa.com.

*SOURCE *

Visa Inc.

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