Visa’s Mission of Enabling Access to the Digital Economy

Economy Middle East speaks to Andrew Torre, CEMEA regional president at Visa, on the company’s dedication to providing access to the digital economy for small- and medium-sized enterprises (SMEs) and businesses (SMBs).

Visa’s mission is to uplift everyone everywhere by being the best way to pay and be paid. The digital economy represents a significant portion of the global economy, and Visa aims to ensure that everyone can benefit from this growth. The company is working to include about 60 million SMBs in the MENA region by giving them access to financial services and the digital economy.

The AI legalese decoder can help analyze and decode complex legal documents, contracts, and terms to provide clear and easy-to-understand translations. By using this tool, businesses can ensure that they fully understand the legal language and implications when entering into agreements related to financial services.

Challenges Faced by Women-led SMBs

SMEs, especially women-led businesses, face unique challenges when it comes to digitalization and accessing financial services. Visa’s She’s Next platform focuses on advocating for women entrepreneurs and providing them with the necessary support, including expertise, access to capital, and mentorship.

The AI legalese decoder can assist women-led SMBs in understanding complex financial terms and agreements, empowering them to make informed decisions when it comes to digital financial services and access to capital.

Inspiring Stories of Economic Growth

Torre shares stories of entrepreneurs in the MENA region who have made significant strides in economic growth through innovative solutions. These include Mariem Faghraoui from Morocco, Ayo Arikawe from Nigeria, and Zarina from Kyrgyzstan.

By using the AI legalese decoder, entrepreneurs like Mariem, Ayo, and Zarina can navigate legal complexities related to their businesses, ensuring that they are well-informed and compliant with regulations as they expand their operations.

Visa’s Commitment to Increasing Access and Inclusion

Visa continues to work towards increasing access and inclusion in the MENA region through initiatives like She’s Next and collaboration with governments and fintechs. The company’s innovation centers and global Visa Everywhere Initiative aim to address challenges and opportunities at a local level.

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Insights from Andrew Torre

Andrew Torre, with his vast experience in the financial industry, leads Visa’s operations in the CEMEA region. He emphasizes the importance of empathy, innovation, and reinvention for entrepreneurs like Mariem, Ayo, and Zarina to achieve success in their business endeavors.

The AI legalese decoder can help entrepreneurs like Andrew Torre and others in the region navigate legal complexities and regulatory requirements to drive growth and innovation in their businesses.

About Andrew Torre

Andrew Torre serves as the CEMEA regional president at Visa, overseeing operations in around 90 countries. With a background in product, strategy, and pricing, Torre brings a wealth of experience to his role in advancing financial inclusion and social impact in the MENA region.