Visa Georgia Provides additionally 300,000 USD and joins Georgia Red Cross Society to Support humanitarian efforts in Ukraine

Published in Society
Friday, 25 March 2022 11:02

Visa team in Georgia provides an instant aid donation of 200 thousand US Dollars to the Georgia Red Cross Society and 100 thousand US Dollars by double matching of all donations made by Visa card holders

Tbilisi, March 25, 2022 – Georgia team of Visa, a global leader in digital payments, joins the immediate humanitarian response to the needs of the conflict-affected families in Ukraine and provides an additional instant fixed donation of 200 thousand US Dollars to Georgia Red Cross Society. On top of that, up to 100 thousand US Dollars by double matching of all donations made by Visa card holders on the website[1] of Georgia Red Cross Society. The final beneficiary of the amount is the Red Cross Ukraine which will deliver vital humanitarian supplies and services to those in need.

Visa team in Georgia encourages all Georgian citizens, holding a Visa card to join the campaign along with Georgia Red Cross Society and make their contribution in delivering life-saving goods and services to conflict-affected families and individuals in Ukraine. The special fundraising online platform is established on www.redcross.ge All citizens of Georgia can easily access and raise money to support vulnerable communities facing devastation and a serious humanitarian crisis, caused by open military invasion in Ukraine.

 “Our Visa team stands on the side of kindness and peace. We believe that together we are stronger to encourage Ukrainian families and friends facing devastation hardship, help to avoid a serious humanitarian crisis. In this regard, Visa team in Georgia is proud to support the humanitarianrelief efforts of the Red Cross Society. To that end, we are providing an instant donation to Georgia Red Cross Society to be transferred to the Red Cross Ukraine and at the same time, start double matching individual donations made by Visa card holders using the Georgia Red Cross Society website. By doing so, we are encouraging Georgian citizens as longstanding friends of Ukrainian people to join the campaign and make contribution in humanitarian assistance.”  - Said Diana Kiguradze, Regional Manager for Caucasus Region, Visa.

Georgia Red Cross Society continues to raise funds to support those in need in Ukraine. Together with Visa, we launched a fundraising campaign, Visa has already transferred 200,000 USD Dollars, which will be fully donated to the Ukrainian Red Cross. We constantly seek for fundraising opportunities. The active engagement of the business sector due to provide support for more people in Ukraine, is very important. I would like to thank Visa for this contribution and I believe we continue our cooperation in the future as well.Stated Natia Loladze, President of the Georgia Red Cross Society.

Beyond these efforts, Visa Foundation already donated USD 2 million to support humanitarian aid to the people of Ukraine giving a grant to the US Fund for UNICEF, and an additional USD 1 million was provided by Visa through double matching of all Visa employees donations to the Ukraine response funds of UNICEF and the Red Cross.

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About Visa Inc.

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.ge

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    November 4, 2022, 10:15am, HotelPullmanTbilisi – the USAID Economic Security Program and Visa signed a memorandum of understanding for starting a new partnership aiming at supporting the strengthening of small and medium-sized businesses and the digitization of their activities, inclusive economic growth and extension of digital capabilities and access for citizens.

    As part of the framework of cooperation, the USAID Economic Security Program and Visa will develop and implement joint programs that will focus on digital transformation, enhancement of digital literacy with specific focus on micro and small entrepreneurs, as well as on the economic empowerment of women and the integration of vulnerable groups.

    We are delighted to launch cooperation between the USAID Economic Security Program and Visa to facilitate the strengthening and development of the country’s digital economy. Visa has global and long-standing experience in the digitalization of the economy, economic empowerment of women and support of financial technology and E-Commerce, all of which are also core values of USAID. The partnership will enable Georgian companies to implement smart digital solutions to achieve development goals and connect with the international market,” Mark McCord, Chief of Party of the USAID Economic Security Program said.

    Today we are taking the partnership between Visa and the USAID Economic Security Program to a new level, to drive Georgia to the digital future. The expertise of both Visa and USAID Program will enable us to facilitate the digitalization of the country’s economy. For years Visa has been actively cooperating with the Government of Georgia, banks, financial institutions and donor organizations to assist the country’s advancement in terms of contactless penetrations worldwide. Strong multicultural organizations such as Visa and USAID play significant roles in bringing communities together and making progress, so I truly believe that our cooperation with USAID will contributes to Georgia’s economic advancement and bring value in coordination to your beautiful country, Georgia,“ Salvador Perez-Galindo, Senior Vice President, Head of Government Engagement for Visa CEMEA stated.

    We at Visa are extremely honoured to sign Memorandum of Understanding with USAID Economic Security Program and are looking forward to our fruitful collaboration in various fields. The document envisages four strategic directions, namely women entrepreneurs’ economic empowerment, SME development and digitalization, FinTech and E-Commerce. I truly believe that the deepened partnership would enable us to further support and achieve a long-term positive effect of our mutual work for society,” Diana Kiguradze, Visa Country Manager for the Caucasus region said.

    The partnership between the USAID Economic Security Program and Visa will facilitate the extension of E-Commerce, financial inclusion and transactions, positioning Georgia as a regional hub and a safe place for investment.

    About USAID

    About USAID in Georgia: USAID is the world's premier international development agency and a catalytic actor driving development results. Over 30 years of partnership with Georgia, USAID has supported the country’s transformation into a developing democracy that is increasingly integrated into Western political, security, and economic institutions.  Today, more than 35 USAID programs strengthen Georgia's resilience to malign influence, consolidate democratic gains through enhanced citizen responsive governance, and enable high-value employment through increased economic growth.  For more information, please visit: https://www.usaid.gov/georgia

    About the USAID Economic Security Program: a 5-year $23 million project funded by the United States Agency for International Development (USAID) and implemented by DAI Global. The program is aimed at accelerating the broad-based growth of sectors outside of agriculture that show strong potential to create jobs, generate investment, and increase micro, small, and medium enterprise (MSME) revenues. For more information, please visit: https://www.facebook.com/EconSecProgram

    About Visa

    Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.ge

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    Tbilisi, September 21, 2022 – Visa launches the third wave of She’s Next, Empowered by Visa in Georgia and in partnership with Business Federation Women for Tomorrow announces a public business contest for women entrepreneurs in Georgia. Women entrepreneurs are invited to share their business ideas in the competition for free mentoring sessions and money prizes, namely the first-place winner will be awarded with 25 000 Gel and the second-place winner with 15 000.  

    The contest is conducted in the form of Visa elevator pitch under the She’s Next, Empowered by Visa global initiative in Georgia designed for women, who have interesting business ideas or already run their own personal business, hold the position of a CEO or representative of a small or medium-size business, or be the founder of a startup company.[1]

    I am proud, that Visa established the tradition in Georgia of continuing support of female SMBs within the global initiative She’s Next, Empowered by Visa. We are extremely happy to announce the third wave of the campaign and conduct the joint contest with w4t, aiming to empower women entrepreneurs in Georgia. Within the contest, we invite women, who lead startup, or have an interesting business idea, eager to learn pitching techniques for allocating solid money prizes. I strongly encourage each and every woman, aspiring to put down roots in the world of business,to take part in this promising initiative and become part of the She’s Next” - said Diana KiguradzeVisa Country Manager for the Caucasus region.

    It is an honor for Women for Tomorrow to be part of the global initiative - She’s Next empowered By Visa since 2020 and support women entrepreneurs to boost their business knowledge and expertise and achieve economic independence. We are proud, to launch the business contest in partnership with Visa and announce the callwhere only women start-upers and entrepreneurs are able to register, present their business idea, advance in pitching and presentation skills and compete for the financial support aiming to increase their progress and development. We encourage every woman from all over Georgia to participate in the program, make an opportunity to challenge yourself to become a winner Wish you the best of luck! – noted Nina Kobakhidze Chair of the Board of the Business Federation Women for Tomorrow.

    The competition will be held in three stages: 

    • Application process[2], an independent jury will first check if each application meets all eligibility criteria and will be followed by the selection of TOP 10 most successful and highly promising women entrepreneurs who will be granted to access free mentoring consulting sessions. 
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     Interested candidates should carefully read rules of the contest and complete the application form, include a letter of motivation in Georgian and submitted by the  link it by 10 October 2022. 

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    Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.ge



    [1] The rules of the campaign are available on the link

    [2]  Only one application form and business idea per applicant will be accepted for the contest

  • Visa along with USAID Economic Security Program announces ICT Champion category winner of the Grace Hopper Award Program in Georgia

    Tbilisi, June 10, 2022 – Today, Visa in partnership with USAID Economic Security Program in Georgia distinguished Nana Dikhaminjia as a winner of the ICT Champion category and awarded with special money prize - 5 thousand Gel. Visa, as supporter organization joined the Grace Hopper Award Program in Georgia, founded by the USAID Economic Security Program in partnership with TBC Bank and UN Women. The award ceremony of the program was held on June 10 and recognized the winners in six categories of the contest.

    The winner of the ICT Champion category, Director of Digital Transformation Center at the Alte University - Nana Dikhaminjia is actively working in educational field and makes a special contribution to strengthening the role of women in the field of information and communication technologies.

    The ICT Champion Award is a special nomination, that recognizes the most accomplished professionals and changemakers in the field of ICT who are making a significant impact within the organization, the community, or the country regardless of the type of sector they represent whether it’s education, private sector, government, consulting, or non-profit.

    We are thrilled to award Nana Dikhaminjia as the winner of the ICT Champion category.  Being part of the Grace Hopper Award program corresponds our priorities to support women in tech and innovations, and advance them on a global level. Our team believes, that the winner receives our strong support and becomes a member of our big network. I am extremely happy to hand over special money prize 5 thousand Gel to Nana as our contribution in active work she does. I would like to thank to organizers for giving as an opportunity to support and empower women community in the country.” – noted Diana Kiguradze, Visa Regional Manager for Caucasus region and one of the members of the jury of established professionals assessing the nominations of the program.

    Engaging as a supporter organization in the Grace Hopper Award Program and awarding the ICT Champion category winner is another step forward for Visa in its efforts of supporting women, advancement of innovations and also, contributing to development of an equal society. All three directions are an integral part of Visa’s mission to connect the world through the most innovative, convenient, reliable and secure payments network enabling individuals, businesses and economies to thrive.

    About Visa

    Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.ge

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    Tbilisi, April 13, 2022 - Visa became a part of the Grace Hopper Award Program in Georgia, founded by the USAID Economic Security Program in Georgia, in partnership with TBC Bank and UN Women.

    Engaging as a supporter organization in the Grace Hopper Award Program is another step forward for Visa in its efforts of supporting women, innovations and also, contributing to development of an equal society. Empowering women in the information and communication technology (ICT) industry is especially important in terms of breaking stereotypes and overcoming challenges that women are facing nowadays. Visa believes that development of the ICT industry in Georgia itself is one of the most important driving forces in the modern economic advancement, as innovative technologies play a crucial role in the reality of rapidly growing demand on digitalization.

    One of our top priorities is to spotlight and address women who face challenges and ensure they get the support needed, thus we are committed to provide equal opportunities for everyone based on professional competencies and leadership skills. Within the program we support ICT Champion category, and I believe that the winner we choose will receive our strong support, special prize and become a member of our big network.” – noted Diana Kiguradze, Visa Regional Manager for Caucasus region.

    Bearing the name of a prominent American computer scientist and computer programming pioneer Grace Hopper, whose legacy continues to inspire many, this program recognizes the contribution of women that lead to positive changes in the information and communication technology (ICT) industry. The program is supported by Gender Equality Council of the Parliament of Georgia, UGT and Majorel Georgia.

    To apply for the nominations and fill out the application, please visit www.ictwomen.ge Applications will be accepted from April 8 to May 8, the finalists will be revealed on May 30, and an award ceremony will be held on June 10.

     

    ***

    About Visa Inc.

    Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.ge

  • Visa Everywhere Initiative 2022 invites fintech and payment startups to showcase their solutions on a global stage

    Innovative fintech startups across Central and Eastern Europe, the Middle East and Africa are invited to sign up to gain exposure and access to Visa’s network, as well as $35 000 for CEMEA Final, and $125 000 for Global Final, in total prize money

    Tbilisi, February 1, 2022: The Visa Everywhere Initiative (VEI), a global open innovation program is inviting fintech and payment startups to showcase their innovative products and solutions, with finalists gaining firsthand exposure to key fintech stakeholders across banking, merchant, VC and government sectors. Winners of the competition will be awarded monetary prizes and the opportunity to partner with a global, trusted brand like Visa.

    This year’s program has expanded to include startups that are using cryptocurrency and Visa Direct, a payment solution that can help businesses move money to billions of endpoints worldwide via card and account rails, in innovative ways. Finalists from across the world that are driving economic growth will converge in Qatar this November for the VEI finals.

    Fintechs and payments innovators are transforming the way consumers and businesses make payments, making it easier for more people to access the money they need when they need it – and the pandemic has seen this become more critical than ever.We are proud that the team from Georgia – Payze, became the winner of Visa Everywhere Initiative 2021 in CEMEA among 760 applicants. The fact that the Georgian startup became the main finalist of Visa Everywhere, proves development of cashless economy in the country, presents the local companies on the world’s fintech map.” said Diana Kiguradze, Regional Manager for Caucasus region.

    Past editions of VEI have given some of the most promising innovators in the payments space a shot at accelerating their growth, such as MayaSoft, a startup from Uzbekistan, one of the winners for the CEMEA region in partnership with Visa presented the first contactless payment solution in Uzbekistan based on Visa Tap to Phone technology, certified according to the requirements of the Visa Ready program in 2021. PAYZE of Georgia became the winner for the CEMEA region in the last year, for representing the best innovative payment and commerce solutions to solve the payment challenges of tomorrow.

    Competing on a global stage alongside some of the most prestigious startups in the world and, more importantly, being able to receive that global exposure and support from a trusted brand like Visa was an exceptional achievement for PAYZE,” said Giorgi Tsurtsumia, Co-Founder and Co-CEO of PAYZE (Tbilisi, Georgia) as well as 2021 VEI CEMEA Winner. PAYZE is an e-commerce-oriented fintech that enables businesses across CIS countries to accept payments from around the world through a single integration. With the support of Visa’s network and a cash prize of $25,000, the PAYZE team is busy fulfilling their vision, having processed more than 250,000 transactions across 2021.

    The competition also saw Karachi-based fintech, Safepay, win the CEMEA Audience Favorite award and $10,000 in prize money. Safepay specializes in secure payment processing for e-commerce stores and helps merchants increase checkout conversions, expedite receivables, and streamline sales by allowing their customers to pay online.

    The VEI network includes 8,500 startups from around the world, which continues to grow every year. Since its launch in 2015, the program has helped startups from over 100 countries collectively raise more than $2.5 billion in funding, addressing one of the biggest challenges faced by early-stage entrepreneurs. Every year, the scope of VEI is expanded to engage with unique startups and solve unique problems in the world of payments.

    This year, the program will have a clear focus on CEMEA, a region with tremendous opportunity for fintechs that are developing innovative products and solutions aimed at supporting the community. The latest edition of VEI sees two new editions in Egypt and Saudi Arabia, as well as the global finale in Qatar in November 2022.

    VEI is seeking innovative and ambitious entrepreneurs who are uplifting communities by solving payment and commerce challenges faced by businesses of all sizes and sectors, including:

    Enablers of digital services and digital issuers

    • Blockchain and cryptocurrency
    • Crowdfunding
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    • Program managers

    Digital issuance

    • Blockchain and cryptocurrency
    • Alternative lending
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    • Digital banking (aka neo banks)
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    Value-add for merchants and/or consumers in the finance space

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    Small- and medium-sized businesses

    • Money movement (disbursements, Intra-account, P2P vendor and payments)
    • Acceptance (e-commerce and mobile acceptance)
    • Risk management (chargebacks, etc.)
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    • Other

    Visa does not acquire any equity from Visa Everywhere Initiative competitors as part of this competition.

    More information and application details are available here.

    About Visa Inc.

    Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.

    Learn more at Visa.com.ge

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