Visa Teams Up with IFC for $200m Emerging Markets Digital Payments Push

Visa and the International Finance Corporation (IFC) have launched a $200m risk-sharing facility to expand digital financial services in emerging markets.

The partnership will allow IFC to share credit settlement risk for Visa transactions involving participating financial institutions, enabling more institutions to provide digital payment services to underbanked consumers and small businesses.

The initiative is expected to support about $200 million in risk sharing over five years, initially covering 14 countries in Latin America and the Caribbean.

Visa's Chief Risk and Client Services Officer, Mr Paul Fabara, said that the partnership will help financial institutions bring secure and reliable payment solutions to more people and small businesses in emerging markets.