Visa is proud to announce financial and logistical support for the re-opening the new Diia Business Consulting Center for SMEs in Bucha (Kyiv region), the city which has been destroyed during the Russian invasion.
The news was delivered by Visa Inc. president Ryan McInerney during his video address at the International Diia Summit Brave Ukraine, organized by the Ministry of Digital Transformation of Ukraine on May 24, 2022, on the occasion of the Annual Meeting of World Economic Forum in Davos, Switzerland. Visa is a partner of this special event dedicated to Ukraine’s digital transformation progress and current needs.
Ryan McInerney also called international businesses to ‘uplift everyone in Ukraine’ and support restoration of the local businesses in every possible way.
‘Digital transformation has been at the forefront of the Ukrainian government strategy before and now during the war. We are very proud to support the re-opening of the new Diia Business Consulting Center for small and medium businesses in Bucha. This small town near Kyiv is a symbol not only of the war’s atrocities but also the spirit of resilience that will drive the reconstruction efforts in Ukraine’, – Ryan McInerney, president, Visa Inc., commented.
The launch of the renewed Diia Business Consulting Center in Bucha will be held in Visa’s cooperation with the Ministry, as the company supports the Ministry in opening of these consulting and business-friendly facilities across Ukraine since June 2020.
Altogether, Visa and the Ministry of Digital Transformation of Ukraine have been closely cooperating since 2019 as both sides signed a Memorandum of Understanding to develop collaboration around government use of digital payments. In September 2021, Visa deployed Cybersource as a processing solution for the Ukrainian e-Government platform and super-app Diia, which processes online payments. It became the first time in Visa’s history that Cybersource platform has been used for the needs of government institution to provide e-com services to the population of Ukraine.
In December 2021, Visa also supported the Ministry in launching the Ukrainian emergency economic incentive to increase Covid-19 vaccination rates by enabling digital cards issuance and disbursement program. To date, around 10 million Visa cards have been issued in partnership with the banks.
Addressing participants of Diia Summit in Davos, Ryan McInerney said that now Visa is considering expanding the functionalities and capabilities of Diia super app to support broader disbursements for the temporary displaced people of Ukraine.
Ryan McInerney, president, Visa Inc., added: “Most recently, Visa provided help and support to meet new emergency needs that have risen during the war. We immediately began supporting banks and FinTech by providing them with operational support, risk management support and fee waivers. And thanks to Minister Fedorov for securing Starlink terminals, our team has been able to build additional resilience to our client banks via connection to cloud services.”