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VISA

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Visa : Tigo, Visa Partner to Extend Real Time Access to Funds

03/31/2021 | 04:06am EDT

TIGO has partnered with Visa Inc. that will extend real-time access to funds for consumers from their bank accounts to Tigo Pesa wallets to enable fast domestic and cross-border digital payments.

Powered by Tigo's partner Business Connexion Tanzania Limited (BCX), this service enables over 9 million customers to use the Mobile Financial Service, Tigo Pesa to transfer money from their Visa Bank Accounts to their Tigo Pesa mobile money wallets quickly and securely.

"This gives our customers added convenience that enables them to move money quickly from bank to wallet, promoting cashless transactions by reducing the need to either go to the ATM or withdraw funds to reload their Tigo Pesa Wallets or using separate APPs or services to move money," Tigo's Chief Officer for Mobile Financial Services, Angelica Pesha said in Dar es Salaam on Tuesday.

On her part, East Africa and Visa's Vice President General Manager, Corine Mbiaketcha said: "Whether sending money to a family member to another country or obtaining same-day access to funds, fast and secure digital payments have become an essential part of how the world pays and gets paid especially now, in the wake of Covid- 19.

"Our collaboration seamlessly combines Visa's global network and Tigo's mobile money network to empower Tigo customers to benefit from the convenience, security and reliability of the Visa brand that is enjoyed by over 3 billion customers worldwide."

Copyright Tanzania Daily News. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Financials (USD)
Sales 2021 23 521 M - -
Net income 2021 12 229 M - -
Net Debt 2021 4 351 M - -
P/E ratio 2021 40,4x
Yield 2021 0,56%
Capitalization 484 B 484 B -
EV / Sales 2021 20,8x
EV / Sales 2022 17,4x
Nbr of Employees 20 500
Free-Float 84,4%
Chart VISA
Duration : Period :
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Technical analysis trends VISA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 41
Average target price 261,95 $
Last Close Price 226,94 $
Spread / Highest target 30,9%
Spread / Average Target 15,4%
Spread / Lowest Target -14,5%
EPS Revisions
Managers and Directors
NameTitle
Alfred F. Kelly Chairman & Chief Executive Officer
Ryan McInerney President
Vasant M. Prabhu Vice Chairman & Chief Financial Officer
Rajat Taneja President-Technology
Kelly Mahon Tullier Secretary, Chief Legal & Administrative Office
Sector and Competitors
1st jan.Capitalization (M$)
VISA3.75%484 016
MASTERCARD0.86%360 652
PAYPAL HOLDINGS, INC.5.16%289 324
PALO ALTO NETWORKS, INC.-5.23%32 753
NUVEI CORPORATION14.89%9 665
AVAST PLC-17.10%6 465