Visa Collaborates with Rwanda
Some days ago Visa Inc. announced a deed of collaboration with the government of Rwanda, to expand its electronic payments processing platform across the Sub-Saharan African country.
Rwanda has a dense but primarily rural population, whose economy is based mostly on subsistence agriculture. However, the region is rising up to the developmental needs of the time and hence, the government has charted out a ‘Rwanda Vision 2020 Plan’.
This plan calls for development through improved education, infrastructure and privatization, which has further helped Visa to penetrate the market of Rwanda. The country’s long-term vision also sees per capita income growing to $1000 by 2020 from $220 in 2000.