BANK OF AFRICA and Visa have officially renewed their strategic partnership, marking a major milestone in their ongoing mission to modernize digital payments across Morocco and the African continent. This collaboration, which dates back to 1982—when BANK OF AFRICA became the first Moroccan bank to integrate Visa—has been a driving force behind financial innovation in the region.
Over the years, both institutions have continuously introduced advanced payment solutions, making transactions more seamless, secure, and aligned with the growing digital economy. This renewed alliance aims to accelerate the adoption of cutting-edge payment technologies while enhancing financial services to meet the evolving needs of consumers.
The core objective of this strengthened partnership is to transform the digital payments landscape by offering innovative solutions that facilitate transactions and ensure efficient financial management. BANK OF AFRICA and Visa are committed to expanding digital payment accessibility, making financial services more inclusive and tailored to the demands of modern users.
Khalid Nasr, Executive Managing Director of BANK OF AFRICA, emphasized the bank’s pioneering role in digitizing financial services in Morocco and beyond. He stated that this renewed collaboration would further accelerate innovation and support financial inclusion efforts across the continent.
Leila Serhan, Senior Vice President and General Manager for North Africa, Levant, and Pakistan at Visa, reinforced Visa’s dedication to fostering innovation in Morocco. She highlighted how Visa’s global expertise, combined with BANK OF AFRICA’s leadership, will empower Moroccan consumers with secure, efficient, and forward-thinking payment solutions.
Beyond their immediate goals, this partnership aligns with a broader ambition: driving digital transformation within the banking sector and contributing to a more connected economy. By democratizing access to digital payments, BANK OF AFRICA and Visa are paving the way for a financial ecosystem where electronic transactions become the norm, ensuring a smoother transition into a fully digital financial era.
This renewed commitment is more than just a business agreement—it’s a shared vision for the future of finance in Africa, where innovation and accessibility go hand in hand.
