Tingo’s (OTC: IWBB) core subsidiary, Tingo Mobile Plc, today announced its entry into an agreement with Visa Inc. (NYSE: V), the world leader in digital payments. According to the update, the move is designed to further deepen Tingo Mobile’s financial services in Nigeria and will support its ambitious expansion plans across Africa and beyond. Under the strategic partnership, the unique African agri-fintech company will be able to drive greater adoption and an increase in financial services offered, especially digital payments, on its platforms. Tingo operates two proprietary platforms: Nwassa, Tingo Mobile’s digital agri-marketplace platform that is better connecting African farmers with other players in the agricultural value chain; and Tingo Pay, its in-house payment platform that was recently made available to the general public. “We are delighted to partner with Visa, the leading company in the global financial services sector. Visa has the mission of connecting the world to secure payment networks and enabling individuals, businesses and economies to thrive, which aligns with Tingo’s mission,” said Dozy Mmobuosi, founder and group CEO of Tingo Inc., the parent company of Tingo Mobile Plc. “With this agreement, Tingo Mobile will be able to issue Visa cards (both physical and virtual) to users on Nwassa and Tingo Pay.”
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About Tingo Inc.
Tingo is a digital service agri-fintech technology company focused on foundation-level agriculture and related financial services in Africa. The company aims to be Africa’s leading agri-fintech player, transforming rural farming communities to connect through its proprietary platform to meet their complete needs – from inputs and agronomy to off-take and marketplace – and deliver sustainable income in an impactful way. The company’s vision is to build complete digitally inclusive ecosystems that promote financial inclusion and deliver disruptive microfinance solutions, empower societies, produce social upliftment in rural communities and open international opportunities. Additional information about the company can be found at www.TingoInc.com.
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