To make it easier for people in Latin America to access the digital financial sector, Millicom’s fintech division Tigo Money has partnered with Visa (LatAm). A new payment option called the Tigo Money Visa Card will be made available to region’s Tigo Money users as part of the regional agreement.
By linking the new card to their Tigo Money wallet, customers can use their digital funds anywhere Visa is accepted. According to the company, they can get the card for free using the Tigo Money mobile app. Additionally, customers have the choice to obtain a physical card that can be used at more than 80 million shops worldwide that accept Visa.
Visa regional president for Latin America and the Caribbean Eduardo Coello said: “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.”
He added, “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.”
Together, the two organizations hope to provide financial services to more than five million Tigo Money users across Latin America. Additionally, the Tigo Money Visa Card will feature contactless payment technology, enabling tap-to-pay for everyday purchases like dining out or making public transportation reservations.