Visa, an international electronic
payment company, sponsored the Prepaid Summit Middle East event for the
sixth consecutive year in 2015. The event was held in Dubai. Uniting
over 150 leading participants, the conference is a regional standard for
the electronic payments industry.
After the awards ceremony, UBA Cameroon
was crowned the winner of the “Prepaid Innovative Product of the Year”
award for its innovative “Cobranded Student ID Visa Prepaid” concept,
which aims to provide universities and students with a multi-function
Visa card.
Speaking on the presentation of the
“Prepaid Innovative Product of the Year” award to UBA Cameroon, Mohamed
Touhami el Ouazzani, general manager of Visa for Morocco and Francophone
Africa, said: “I am very happy that UBA Cameroon has been recognised
for its efforts in support of the development of electronic payments.
Africa is the continent that will see the largest increase in electronic
payments between now and 2016. In this area, Visa offers numerous
innovation-based mobile banking services and solutions through its
partnerships with financial institutions and international mobile phone
businesses, notably via Samsung Pay and Apple Pay.
“Thanks to Visa Token Service
technology, these two new services will facilitate secure payments with a
broad range of connected devices. They will replace the sensitive
payment account information contained on plastic cards with a digital
account number that can be stored in complete safety on mobile devices
and used to pay for purchases in stores or through apps.”
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