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Visa confirms its entry into the Sudanese market

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March 2, 2020 (WASHINGTON) - Visa inc. confirmed on Monday, that it started entering Sudan via the field of electronic payments, in a move that would give impetus to the steps aimed at ending the country’s isolation from the global banking system.

We are "Working closely with select financial institutions in Sudan to progress the introduction of Visa payment solutions in the country," said the company, which is based in California, said in a statement to Sudan Tribune.

“Visa is pleased to be building new partnerships that will bring the benefit of Visa’s world-class payment technology to help support financial inclusion and economic growth in Sudan" added the world’s largest payments network

The director of the electronic banking services (EBS) at the Central Bank of Sudan Omar Amrabi revealed to Sudan Tribune last week that Visa authorized a license to several banks for the issuance of Visa cards.

Sudanese officials have long complained that their presence on the US list of states that sponsor terrorism make global companies unwilling to operate in the country for fear of the risk fines even though the U.S. in 2017 lifted comprehensive economic sanctions it imposed nearly two decades ago.

The Sudanese Minister of Finance Ibrahim Al-Badawi told a news conference in Khartoum a few weeks ago that Sudan was talking to the U.S. about Citibank entering the country and about enabling the use of smart cards and ID cards to manage cash transfers,

In a job posting published several months ago, Visa announced it is hiring a Cairo-based regional manager, whose job responsibilities would include "Understand[ing] clients strategies, priorities, needs and business processes for the new market entry to Sudan".

(ST)

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  • 3 March 01:27, by Langbaar

    *Visa confirms its entry into the Sudanese market8,
    Who DO these cloned so-called Arabs of North Sudan THINK ALWAYS feed their BUNCH OF LIVES from Darfur all along? It is the "so-called visa card fools". They are even using it *Kakuma, northern Kenya and Northern Uganda.* I don’t know if they have started that card in our Gambella region> yet>>>

    • 3 March 01:34, by Langbaar

      Your own so-called prime minister of Sudan, Mr Abdalla Hamdock said, he want the UN and the NGOs to help his country, their you go! And he is considered ’an from unvirsity of Khartoum’??? What kind of economy the low life study? There may some South Sudanese who might have study with the low life and I think, they are too way well ahead of this foreign puppet/stooge>>>

      • 3 March 01:43, by Langbaar

        Where does the low life thinks the UN get the money to finance the government of North Sudan? The low lives have have been living of the back of other people all along. After the ’comprehensive peace agreement between the low lives in Naivasha, Kenya’. There was ’a fundraising done in Oslo, Norway, to raise fund for the rebuilding of South Sudan’>>>>

        • 3 March 01:51, by Langbaar

          Many countries around the world "pledged money" of which over "US$ 4.2 billion was pledged". But the then government of Southern Sudan asked that $US 4.2 billions from the current "so-called troika countries", they told that "money was used to help the most suffering of Darfur". That money is counted on South Sudan and the South Sudanese people today as a debt.>>>>

          • 3 March 01:58, by Langbaar

            The US, the UK, their UN, their sleazy NGOs,, their evil evil juus (so-called israel), their lackeys here in the IGAD and the AU, have been our country and our people as their as their ’cash cow teats’. Because there some of our fools who call themselves, the God’s chosen people. Fellows, be very very careful. We don’t like white evils in our country>>>



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