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Visa and USAID Partner to Boost Digital Inclusion in Emerging Markets

October 30, 2024

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Visa and USAID Partner to Boost Digital Inclusion in Emerging Markets

In a move to enhance financial inclusion and foster economic growth in emerging markets, Visa and the United States Agency for International Development (USAID) have announced a strategic partnership aimed at improving access to digital government systems. The collaboration is designed to create secure and inclusive digital platforms that will allow citizens and businesses more convenient access to essential government services. Over a five-year period, this initiative is expected to significantly impact financial and digital inclusion, supporting local economic expansion and providing crucial infrastructure in emerging markets.

One of the standout examples of this partnership is its support of the Diia mobile application in Ukraine. Developed in collaboration with the Ministry of Digital Transformation, this app connects millions of Ukrainians to a wide range of government services. As a result, it has become an invaluable tool for improving the efficiency and transparency of government interaction with citizens. Furthermore, Visa Foundation and USAID have co-founded the Climate Gender Equity Fund (CGEF) as part of the Women in the Sustainable Economy (WISE) Initiative. This fund aims to empower small, climate-smart enterprises by making gender-equitable investments, thus promoting a more inclusive and sustainable economy.

Bridging the Gender Digital Divide

Visa and the United States Agency for International Development (USAID) have teamed up to boost financial inclusion and spur economic growth in emerging markets by enhancing access to digital government systems. This five-year strategic collaboration aims to build secure and inclusive digital platforms, thereby making it easier for citizens and businesses to access vital government services. The initiative is set to positively influence financial and digital inclusion, underpinning local economic development and providing essential infrastructure needed for growth in these markets.

A notable example of this partnership is its backing of Ukraine’s Diia mobile app, developed with the Ministry of Digital Transformation. This app connects millions of Ukrainians to a plethora of government services, significantly enhancing the efficiency and transparency of government interactions. Moreover, the Visa Foundation and USAID have co-founded the Climate Gender Equity Fund (CGEF) under the Women in the Sustainable Economy (WISE) Initiative. This fund aims to support small, climate-smart enterprises by making gender-equitable investments, thus fostering a more inclusive and sustainable economy.

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