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Confirmed: Visa be buying a 20% stake in Nigeria's Interswitch, a company focussed on the digitisation of payments in Nigeria and other countries in Africa, for $20 million, valuing the FinTech giant at $1 billion.
Visa is looking to buy 20% of Nigerian FinTech giant, Interswitch, for $200 million. This is in anticipation of Interswitch's IPO on the London Stock Exchange in 2020.
Nigerian FinTech company, Interswitch, has acquired a Nigerian HealthTech company, e-Clat. The acquisition sounds sensible in that it will allow for integration of Interswitch's payments technology into e-Clat's technology offering to health service providers.