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Millicom (Tigo) Fintech business Tigo Money and Visa Collaborate to Boost Financial Inclusion Across Latin America
Tigo Money, Millicom’s Fintech business, and Visa Collaborate to Boost Financial Inclusion Across Latin America Through this partnership, Visa and Tigo Money
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[{"type":"text","content":"Tigo Money, Millicom’s Fintech business, and Visa Collaborate to Boost Financial Inclusion Across Latin America Through this partnership, Visa and Tigo Money seek to expand access to digital payment channels, democratize financial services, and transform the payment journey for millions of consumers LUXEMBOURG, November 21, 2022 – Tigo Money, the Fintech business of Millicom that is revolutionizing financial inclusion with digital technology in Latin America, and Visa, the world leader in digital payments, today announced a regional agreement aimed at expanding access to digital financial services and driving financial inclusion across Latin America. Under the agreement, millions of Tigo Money consumers in the region will benefit from a new payment solution - the Tigo Money Visa Card. The card is linked to the consumer’s Tigo Money wallet and allows them to use their digital money easily and securely anywhere Visa is accepted. The Tigo Money Visa Card can be obtained free of charge via the Tigo Money mobile app. The solution offers a digital onboarding experience and the ability to immediately use funds in the Tigo Money Wallet for convenient and secure online or physical payments. Users will also be able to opt for a physical card for use at more than 80 million merchants around the world where Visa is accepted. With this partnership, Visa and Millicom target more than 5 million Tigo Money users across the region, bringing more and more people into the financial system. “At Visa, we are focused on delivering digital payment solutions that can help consumers and economies thrive. Our collaboration with Tigo Money is exciting, because it will help bring financial inclusion to a new level, unlocking opportunities to connect more people to the digital economy,” said Eduardo Coello Regional President for Visa Latin America and the Caribbean. “While most countries in our region continue to operate in a cash-based economy, with accessible digital solutions such as the Tigo Money Visa Card, we are bridging the gap and responding to the needs of the financially and digitally excluded sectors.” “Our alliance with Visa will provide millions of our clients and new users in the region with accessible and much-needed payment alternatives to boost financial inclusion and socio-economic prosperity,” added Pablo Montivero Araya, CEO Tigo Money....