Visa (V) Targets Africa’s $1.5 Trillion Digital Economy With New Data Center
Visa Inc. (NYSE:V) ranks among the best stocks to buy for the next 6 months. On July 23, Visa Inc. (NYSE:V) launched its first data center in Africa in Johannesburg. The facility is part of a $1 billion ($57 million) investment in South Africa over the next three years, according to Michael Berner, head of Visa’s Southern and East Africa division, who spoke at the event.
A 2025 Mastercard-commissioned analysis by Genesis Analytics projects that Africa’s digital payments economy would grow to $1.5 trillion by 2030, driven by swift improvements in internet penetration and financial inclusion.
By enhancing the local financial ecosystem, expanding Visa Inc. (NYSE:V)’s VisaNet, and putting South Africa in line with global fintech growth trends, the facility positions the country as a digital hub.
Visa Inc. (NYSE:V) is a global payments technology company that operates one of the world’s largest electronic payment networks.
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