African Bank and Visa have renewed their strategic partnership for another seven years, reinforcing their commitment to innovation, security, and financial inclusion across South Africa and beyond. This renewal marks a significant milestone in their long-standing relationship, highlighting their shared goal of delivering enhanced banking experiences to customers.
Through this collaboration, African Bank will continue to integrate Visa’s advanced payment technologies, ensuring secure, seamless, and efficient digital banking solutions. Visa’s expertise will support African Bank’s rebranding efforts, strengthen its market presence, and amplify its customer-focused approach.
“As a bank living its purpose of advancing lives, we are excited by the opportunity to leverage innovative digital solutions to empower our customers in the moments that matter,” said Darryl Adriaanzen, African Bank Group Chief Operations Officer.
“Our collaboration with Visa reflects our shared values and a commitment to fostering financial inclusion, particularly in underserved markets. We are passionate about providing our customers with more value, choice, and security, ensuring they have the financial tools to achieve their aspirations.”
The partnership will also expand African Bank’s business banking offerings, including the upcoming launch of its Business Banking Account, designed to provide tailored financial solutions for small and medium enterprises to grow and thrive.
“We are pleased to continue our collaboration with African Bank. In today’s digital-first world, we are proud to deliver the value, accessibility, efficiency, and security of digital payments to South African consumers,” says Lineshree Moodley, Country Head at Visa South Africa.
“This partnership aligns perfectly with Visa’s global and Sub-Saharan Africa strategy to increase financial inclusion and drive innovation in the financial sector. By leveraging our innovative technologies and extensive network, we are confident we can support African Bank in delivering robust and secure solutions that offer exceptional value to its customers and transform how payments are made.”
Security remains a top priority, with Visa enhancing the safety of online transactions for African Bank customers through its Consumer Authentication Solution. This ensures greater protection against fraud while enabling a seamless digital banking experience. Additionally, Visa’s Tokenization technology will allow African Bank customers to conduct secure transactions via platforms like Samsung Pay, making everyday banking safer and more convenient.
The partnership, which began in 2001, is rooted in a shared commitment to driving economic development and increasing financial accessibility. This renewal represents a bold step towards shaping the future of banking, ensuring African Bank remains at the forefront of digital innovation, security, and customer-centric financial solutions.