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Visa Empowers Moroccan Fintech Ecosystem with Inaugural Fintech Day
Visa, a global leader in digital payments, recently organized the inaugural Fintech Day in Morocco, in collaboration with the Digital Development Agency, Technopark, and the Interbank Monetary Centre.
The event brought together key players from Morocco's thriving fintech ecosystem to deliberate on upcoming opportunities and challenges. Simultaneously, Visa announced the commencement of the second cohort for its Africa Fintech Accelerator program, inviting early-stage startups to submit applications until February 29, 2023. The first demo day is scheduled to take place in Nairobi on February 13, showcasing innovations from the initial cohort.
The accelerator program focuses on various categories, including unleashing financial transactions, embedded finance, empowering merchants and SMEs, payment infrastructure enablers, the future of finance, and sustainable and inclusive finance. It aligns with Visa's commitment to invest $1 billion in Africa by 2027, with the aim of transforming the continent's payments ecosystem and bolstering the digital economy.
Launched in June 2022, the accelerator program achieved success with its first cohort. The latest edition seeks to further support the rapidly expanding fintech ecosystem across Africa.