Visa Announces Fintech Fast-Track Program in Central & Eastern Europe, Middle East and Africa

Published in Economics
Wednesday, 13 February 2019 17:28

Regional fintechs will be able to connect to Visa’s payment network in as little as four weeks Sub-Saharan prepaid issuing provider, GTP, signs on as regional partner

Dubai, 13 February 2019 — Visa (NYSE: V) today announced it is expanding its Fintech Fast-Track Program in the Central and Eastern Europe, Middle East and Africa (CEMEA) region as part of its efforts in developing the next generation of digital payment solutions. Already rolled out in Europe, Latin America and Asia Pacific, the program provides innovative fintechs with a faster and easier integration process with VisaNet, Visa’s global network, in addition to a suite of tailored digital solutions and growth capabilities.

With the Visa Fast-Track program, fintechs based in CEMEA can now onboard to Visa’s global network in as little as four weeks. The program has been tailored to the needs of fintechs, adapting to their realities and providing them with processes that are faster, which include reducing the number of onboarding conditions. The program also links fintechs to platforms that are already certified by Visa and connects fintechs to sponsoring banks, providing fintechs with scaling opportunities through Visa’s global network.

Andrew Torre, Regional President, CEMEA, Visa, said, “The payments ecosystem is evolving at an unprecedented pace with some of the most exciting innovations coming from our region. We are actively engaged with passionate, entrepreneurial communities to understand where synergies exist in order to foster and bring new experiences to life in a secure and scalable manner in our pursuit of a digital future. Our aim is to connect new players and ideas with our network partners, so that we can deliver intuitive and relevant payment, banking and retail experiences to customers and merchants.”

The Fintech Fast-Track program provides a new commercial framework that includes access to Visa’s payment capabilities, reduced fees and streamlined processes. After successful launches in Europe, Latin America and Asia Pacific in the second half of 2018, the program is now available to fintechs in CEMEA.  Visa is inviting all innovative fintechs in the region to apply to the program by registering online through the program website – www.visa.com/fintechcemea.  

The Fast-Track program is one of several Visa initiatives designed to support fintech and startup companies. These include:

  • Investment: Visa continuously evaluates and invests in companies that have the potential to advance digital payments for our clients and their customers. Recent fintech investments globally have included Klarna, Paidy, Marqeta and PayStack in Nigeria.
  • Partnership: Many payment platforms and fintechs are already collaborating with Visa globally to create new consumer and merchant experiences, including YellowPepper, NovoPayment, Stripe, Conductor, Flutterwave and Revolut.
  • Engagement: Visa’s Everywhere Initiative, a global innovation program that tasks startups with solving some of the most challenging issues in payments and commerce, has been running in CEMEA since 2017.

In Sub-Saharan Africa, Visa will work with Global Technology Partners (GTP), to design and enable turnkey end-to-end packaged solutions jointly for the Visa Fintech Fast Track program. The enterprise solution will include bin sponsorship, issuer processing services, acquirer QR code processing services and program management services.

Rich Bialek, CEO of GTP, said, “GTP is excited to work with Visa to bring new digital products to our banks and cardholders.  Fintech companies in the CEMEA region are developing innovative solutions to meet the needs of this rapidly growing consumer base.  By expanding the fast-track program to CEMEA, Visa and GTP will enable these companies to rapidly deliver new technologies and services to consumers, improving and expanding how commerce works in this dynamic market.”

# # #

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere.  As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit www.corporate.visa.com, www.visasoutheasteurope.com, https://www.facebook.com/VisaGeorgiaGE, www.visanewscissee.com

About Global Technology Partners

Global Technology Partners is headquartered in Tulsa, Oklahoma USA.  The company was founded in 2003 and began processing its first Visa prepaid debit card in Burkina Faso in 2007.  Since then, GTP has expanded into over 30 African countries, with more in development.  GTP designed its system specifically for prepaid programs, and now offers industry-leading prepaid and mobile processing solutions. 

Polling Process is Over

Published in Society
Monday, 29 October 2018 10:27

A news briefing on completing the polling process was conducted at the Central Election Commission (CEC) of Georgia. As Ana Mikeladze, the CEC Spokesperson announced at the news briefing, all election precincts were closed at 20:00 according to the legislation.

“1 637 956 voters participated in the polling as of 20:00, which amounts to 46.74 % of total number of voters. The highest voter turnout was observed in Keda - 64.74 % and the lowest turnout was in Marneuli - 36.47 %. As for Tbilisi, voter turnout by 20:00 is 45.4 %. If we compare the voter turnout data to 2013 presidential election data, voter turnout in 2013 was 46.6 %. It is worth noting, that the voting process at the election precincts was conducted in a peaceful environment” – stated Ana Mikeladze.

According to the CEC Spokesperson, today, the CEC Call Center worked uninterruptedly. During the day, in total the CEC Call Center received 1 746 incoming calls and 497 messages were received via online chat. Majority of the calls referred to the verification of personal data in the unified list of voters, addresses of election precincts and précising the election procedures.

Vote counting procedures have been launched after closing the election precincts. After drawing up the election precinct summary protocols and completing all electoral procedure envisaged by the legislation, the protocols will be delivered to the relevant District Election Commission (DEC). DECs will upload the summary protocols in the Election Process Management System (EPMS) within the shortest possible time. Upon the receipt of PEC summary protocols the CEC will gradually publish them at the special website www.results.cec.gov.ge.

“Any interested person will have an opportunity to observe the process of summarizing preliminary election results at the CEC using internet livestreaming, which will be ensured through the 360 degree video camera and will be available at the CEC Facebook page, YouTube and official CEC website.

It worth noting, that four domestic observer organizations expressed their willingness to join the initiative suggested by the CEC and their observers along with the CEC operators will participate in the process of entering PEC summary protocols’ data in the program.

Ana Mikeladze also briefed the media about the submitted complaints. In total, 364 complaints are submitted at all District Election Commissions by the representatives of local observer organizations and election subjects. The complaints mainly refer to the procedural shortcoming and the majority of them were resolved at the election precinct. Majority of the complaints submitted at the DECs request imposing disciplinary liability measures to commission members and annulment of voting results at two election precincts.  

“Hereby, we would like to deliver information about various procedural shortcomings, for instance: an attempt to hinder the work of Precinct Election Commission by the election subject proxy was observed at N52 Marneuli election precinct. By the decision of the commission decision, the representative left the election precinct. Attempts to hinder the working process at N49 and N110 Kuatisi and at N6 Batumi election precincts, however after verbal notice the incidents were eliminated. At N49 Akhalkalaki PEC, the voter tried to vote without identification card. The commission did not allow the voter to cast the vote. Election subject representative did not let the observer of local observer organization “Multinational Georgia” to enter N26 Ninotsminda election precinct, as if the observer had a false registration certificate. After verifying the information the observer was allowed to enter to the Election precinct. An information was disseminated that at N18 Marneuli PEC four voters participated in elections using the Identification card with expired term. In one case the voter came to the election precinct with expired ID card, however, after the PEC explained that it was not possible to vote with the presented document, the voter casted vote using the passport of Georgian citizen.  In other three cases, voters possessed Perpetual ID cards accordingly they could participated in elections” Stated Ana Mikeladze.

Currently votes of two election precincts of Afghanistan are being counted. The results will be available  upon drawing up the summary protocols  at the CEC website.

At the end of the news briefing, Ana Mikeladze thanked voters on behalf of the Election Administration for active participation in election.

PACE to observe the Presidential election in Georgia

Published in Society
Tuesday, 23 October 2018 16:08

A 25-member delegation of the Parliamentary Assembly of the Council of Europe (PACE), headed by Andrej Hunko (Germany, UEL), will travel to Georgia from 26 to 29 October to observe the conduct of the presidential election alongside observers from the OSCE Parliamentary Assembly, European Parliament, NATO Parliamentary Assembly and OSCE Office for Democratic Institutions and Human Rights (ODIHR).

The delegation will meet candidates, the Chairperson of the Central Election Commission, and representatives of civil society and the media, before observing the ballot on 28 October.

A joint press conference is scheduled on Monday 29 October at 2.30 p.m. in the Radisson Blu Iveria Hotel, Tbilisi (location to be confirmed).
 

A HIGH-LEVEL MEETING ON THE UN GLOBAL COUNTER TERRORISM STRATEGY IN CENTRAL ASIA WAS HELD IN ASHGABAT

Published in World
Tuesday, 01 May 2018 10:58

On April 30, 2018, in Ashgabat, the High-Level Meeting "Towards a Comprehensive Implementation of the UN Global Counter-Terrorism Strategy in Central Asia" was held, and the third phase of a joint project supporting the Joint Action Plan for Central Asia (SAP) was launched.

The event was organized by the Ministry of Foreign Affairs of Turkmenistan and the United Nations Regional Center for Preventive Diplomacy for Central Asia (UNRCCA), with the participation of the UN Under-Secretary-General, Head of the UN Counter-Terrorism Department Vladimir Voronkov, the Special Representative of the UN Secretary-General for Central Asia, the Head of the UN Regional Center for Preventive diplomacy for Central Asia Natalia Herman, deputy foreign ministers of the Central Asian states, as well as UN regional structures.

As is known, the first and second phases of the project were implemented in the period 2010-2017 and were devoted to the consideration of four main directions of the Global Strategy for drawing up recommendations on the development of SAP, which is the first of its kind and was adopted in Ashgabat in December 2011.

In the long term, it is expected that the new phase of the joint regional counter-terrorism initiative of UNRCCA and the UNCCT, entitled "Towards a comprehensive implementation of the UN Global Counter-Terrorism Strategy in Central Asia", will be aimed at further strengthening the capacity of the Central Asian states in the field of combating terrorism and preventing violent extremism in a strategic basis.

Speaking at the meeting, Mr. Voronkov noted that the main activities of the project will include the provision of targeted support in the development of national and regional strategies to combat terrorism and prevent violent extremism, further strengthening the capacity of the Central Asian countries in the priority areas identified in the SAP for Central Asia and facilitating the exchange of best practices in the region and beyond.

Speaking at the meeting, Deputy Minister of Foreign Affairs of Turkmenistan S.G. Berdimuhamedov stated about Turkmenistan's further readiness to offer cooperation with the UNFC on the implementation of the Ashgabat Action Plan of the UN Counter-Terrorism Strategy. In this context, the Turkmen side made a number of concrete proposals in this direction using the UNRCCA.

In turn, Ms. Herman noted that in accordance with her mandate in the field of regional and preventive diplomacy, UNRCCA will jointly implement this initiative and promote regional and cross-border cooperation in preventing violent extremism and combating terrorism in coordination with other regional partners active in this field in Central Asia.

At the end of the forum, a Statement was adopted following the results of the High-level Meeting "Towards a Comprehensive Implementation of the UN Global Counter-Terrorism Strategy in Central Asia".

At the end of the meeting, a press conference was held at the Ministry of Foreign Affairs of Turkmenistan for foreign journalists, accredited in Ashgabat and representatives of the national media.

 

The President of Turkmenistan: Central and South Asia is the space for active international economic cooperation

Published in World
Saturday, 24 February 2018 15:06

Ceremonial events on occasion of the launch of new construction phase of Turkmenistan – Afghanistan – Pakistan – India gas line (TAPI) and power and fibre optic lines Turkmenistan – Afghanistan – Pakistan as well as opening o Serhetabat – Turgundy railroad were held in Serhetabat etrap, Mary Velayat. President of Turkmenistan Gurbanguly Berdimuhamedov and President of the Islamic Republic of Afghanistan Mohammad Ashraf Ghani, Prime Minister of the Islamic Republic of Pakistan Shahid Hakan Abbasi and State Minister of Foreign Affairs of the Republic of India Mabashar Javed Akbar who arrived in our country took part in the ceremonies.

In the morning, President Gurbanguly Berdimuhamedov left Mary by helicopter for the place of ceremonial events in Serhetabat etrap. After the flight, the helicopter landed at special helipad.

After, President of the Islamic Republic of Afghanistan Mohammad Ashraf Ghani, the Prime Minister of the Islamic Republic of Pakistan and the State Minister of Foreign Affairs of the Republic of India arrived in the place of events .

President Gurbanguly Berdimuhamedov and high-rank guests proceeded to the ceremony staging place.

Exhibition symbolically dedicated to the Great Silk Road was organized at the same place. Its exhibits allow getting visual impression of original traditions and customs, rich culture of the nations of four countries participating in TAPI project, which territories this ancient trade route used to cross.

The exposition of our country bears the slogan of this year “Turkmenistan – the Heart of the Great Silk Road” and gives an opportunity to familiarize with the history of legendary path that run across Turkmen land, which is told by the map presented there. The displays introduce world known historical and cultural monuments of Turkmenistan located along the Great Silk Road as well as the samples of applied art including beautiful jewelleries and famous Turkmen carpets.

Thematic paintings, works of national handcrafts masters demonstrating their skills in production of national dress and headdress, felt mats, wooden souvenirs, ceramic and copper items, horse harness encrusted with silver, musical instruments, etc. have been presented at the exhibition.

The showrooms of Pakistan demonstrated decorative and applied art items including the samples of traditional painting and musical instruments. The exhibits of Pakistani partners also allow getting the impression on natural places of interests of friendly country.

The exposition of Afghanistan is mainly represented by the northern province of Herat. Souvenirs, samples of national painting art, original works of the artists and other were demonstrated there. The carpets especially those made by the representatives of Turkmen diaspora in Herat attract greatest attention.

The President of Turkmenistan and high-rank guests looked around the exhibition with the great interest. Masters of arts prepared their artistic gift on occasion of remarkable events and enthusiastically performed bright sing and dance composition.

The President of Turkmenistan, the President of the Islamic Republic of Afghanistan, the Prime Minister of Pakistan and the State Foreign Minister of the Republic of India went inside the building where numerous participants of the ceremony have been gathered in the conference hall. There were the Chairperson of the Mejlis, Deputy Chairmen of the Cabinet of Ministers, leaders of military and law enforcement agencies, ministries and departments, non-governmental organizations. The heads of diplomatic missions accredited in our country, delegations of number of the states, representatives of competent international financial structures including Asian and Islamic Development banks, business circles, foreign and national ass media were also among the participants.

Welcoming high-rank guests and all the participants in ancient Turkmen land, President Gurbanguly Berdimuhamedov highlighted that the construction of Afghan part of TAPI pipeline, which is to serve for the sake of fundamental interests of fraternal nations of the region would be launched as well as foundation stone of 500 KWt power line and fibre optic line Turkmenistan – Afghanistan – Pakistan would be laid.

Having congratulated the participants on the launch of the above-mentioned facilities, President Gurbanguly Berdimuhamedov expressed the confidence that implementation of such significant projects would be another important step toward further consolidation of beneficial friendly relations of independent neutral Turkmenistan with the states of the world.

Having informed that it is planned to open new Turkmenbashy International Seaport soon, the President of Turkmenistan taking an opportunity invited the participants of the events to the opening ceremony.

After, President of the Islamic Republic of Afghanistan Mohammad Ashraf Ghani, Prime Minister of the Islamic Republic of Pakistan Shahid Hakan Abbasi and State Foreign Minister of the Republic of India Mobashar Javed Akbar addressed the participants of the ceremony.

After the speeches the documents signing ceremony took place. The following documents have been signed:Intergovernmental Agreement on Electrical Power Turkmenistan – Afghanistan – Pakistan between the Government of Turkmenistan, the Government of the Islamic Republic of Afghanistan and the Government of the Islamic Republic of Pakistan;The General Conditions of the Agreement with the Government of Receiving State on Turkmenistan – Afghanistan – Pakistan – India pipeline project.

Later in the ceremony, President of Turkmenistan Gurbanguly Berdimuhamedov gave start to the construction of Afghan part of Turkmenistan – Afghanistan – Pakistan – India pipeline and power and fibre optic lines Turkmenistan – Afghanistan – Pakistan as well as opened new railroad Serhetabat – Turgundy by direct TV bridge.

The participants watched with the interest the welding together two steel pipes of another part of TAPI energy route, start of construction of power and fibre optic cables carried out using special machinery and equipment.

After, the participants of the events witnesses of the first train leaving border Turkmen station Serhetabat for neighbouring Afghanistan, Herat Province.

After the ceremony, the official photographing of the President of Turkmenistan, the President of the Islamic Republic of Afghanistan, the Prime Minister of the Islamic Republic of Pakistan and the State Foreign Minister of the Republic of India took place on the background of the State Flags of four countries.

After, the Heads of Turkmenistan and Afghanistan, the Prime Minister of Pakistan and the State Foreign Minister of India left Serhetabat etrap for Afghan city Herat where the ceremony was continued.

Congress Centre «Möwlana Jelaletdin Balh» was the place of celebration events where at the main entrance, President Gurbanguly Berdimuhamedov was welcomed by President Mohammad Ashraf Ghani.

Having shaken hands, the leaders of two countries entered the hall of the building and traditionally were photographed on the background of the State Flags of Turkmenistan and Afghanistan.

Joint photographing of the heads of the delegation of the background of the State Flags of participating countries has also taken place before the start of the event.

Welcoming high-rank guests and all participants of the ceremony on Afghan land, the President of the Islamic Republic of Afghanistan highlighted that ancient city Herat witnessed the historical events that are important not only for Afghanistan but also for entire region and future generations.

Having noted that after completion of the construction of TAPI, connecting corridor between our countries would be made, Mohamad Ashraf Ghani expressed the confidence that Afghan youth would also take active part in the project.

Afghanistan places a lot of hope on the realization of big projects initiated by Turkmenistan in energy, transport and communication spheres that bring the progress and prosperity to the region.

In this regard, the Head of neighbouring state expressed sincere gratitude to President Gurbanguly Berdimuhamedov for constant support and help in peaceful restoration of Afghanistan, having highlighted that Afghan people highly appreciate this fact and value the friendship with fraternal Turkmen nation.

The floor was given to the Head of Turkmenistan. Addressing the participants of the ceremony, President Gurbanguly Berdimuhamedov expressed sincere gratitude to his Afghan colleague Mohammad Ashraf Ghani for the hospitality and high level of organization of this event.

The launch of construction of the next phase of TAPI pipeline, power and fibre optic line between Turkmenistan, Afghanistan and Pakistan, Serhetabat – Turgundy railroad visually demonstrate responsible approach of all member states of these projects, their foresight, consent, commitment to their obligations, President Gurbanguly Berdimuhamedov noted.

These projects open new opportunities for further activation and expansion of international cooperation, attraction of other countries, world economic unions and financial organizations and business communities to this work.

All of these serves as visual confirmation of successful practical realization of common strategic purpose – active integration of our states to the world economy in continental and global scales.

Mentioning great importance of current events for Afghanistan, the President expressed firm confidence that opening of such important facilities would give strong impulse to economic development of neighbouring country and to revival of its industrial and social infrastructure.

The Head of Turkmenistan noted that Central and South Asian is the space for active international economic cooperation. These are the territories, through which ancient trade routes connecting Europe and Asia used to run for many centuries. At present time, the states of these regions occupy important positions in the intensification of global economic partnership, which main parts are composed by energy and transport spheres. Realization of the projects in these directions opens colossal perspectives for optimization of transport and energy relations in Eurasian space.

The projects of Turkmenistan – Afghanistan – Pakistan – India pipeline, Turkmenistan – Afghanistan – Pakistan power and fibre optic lines as well as Serhetabat – Turgundy railroad turn into fundamental geopolitical condition. Their realization will make big positive effect on general situation in Asia and beyond its borders, having turned into the factor of the provision of sustainable development and security in the region.

Turkmen leader highlighted that current events are very important for our state as energy, transport and communications projects that just have started would support rapid development of the economies of Turkmenistan, Afghanistan, Pakistan and India.

Greeting the participants, Prime Minister of the Islamic Republic of Pakistan Shahid Hakan Abbasi congratulated the participants of the ceremony and nations of four countries on current remarkable event – the launch of construction of Afghan part of TAPI pipeline, having highlighted the historical significance of the implementation of this large energy projects for the provision of peace, stability and sustainable development in the region.

Having emphasized that this project would be some sort of messenger of the beginning of new age in the history of the region, the Prime Minister of Pakistan addressed special congratulations to Afghan people.

Having expressed the gratitude to President Gurbanguly Berdimuhamedov and President of Afghanistan Mohammad Ashraf Ghani for the hospitality and high organizational level of the ceremonies, Prime Minister Shahid Hakan Abbasi assured them in the commitment of Pakistan to its partnership obligations.

The floor was given to the State Minister of Foreign Affairs of the republic of India who, having congratulated the participants of the ceremony on the start of the construction of another phase of TAPI pipeline, power and fibre optic lines as well as on the opening of new railroad, highlighted that these events vividly indicate dynamic long-term character of interstate partnership.

India attaches great importance to this large-scale project, expressing the interest in supplies of gas and providing reliable market for it as well as to other infrastructural projects, which are important for all countries of the region, especially for Afghanistan, Mobashar Javed Akbar said.

Mobashar Javed Akbar expressed the confidence that joint efforts of participating countries will result in successful completion of the project and would be visual example of goodwill of the sides and efficient and equal cooperation.

Teleconference connecting the Congress Centre with the construction site where Afghan specialist started the construction of Afghan part of transnational energy route took place afterwards.

Video about the opening of recently built railroad Serhetabat – Turgundy with departure of the first train was demonstrated after the teleconference.

In the end, having said warm goodbye to his Afghan colleague and high-rank guests and shared best wishes to friendly states and nations, President Gurbanguly Berdimuhamedov went to the helipad and left Herat for Mary Velayat.

Mubashir Javed Akbar: TAPI gas pipeline is an important project for the economy of India

Speaking during the ceremony of launching the construction of the Afghan section of the TAPI gas pipeline, State Minister of Foreign Affairs of the Republic of India Mubashir Javed Akbar emphasized that he was glad to visit Turkmenistan in this historical moment. The State Minister of Foreign Affairs of the Republic of India emphasized that the peoples of Turkmenistan and India had centuries-old ties of friendship and cooperation, noting that these relations are an important foundation for further expansion of the partnership.

In this context, Mubashir Javed Akbar told that the mausoleum of Abdyrrahim khan, the son of the outstanding Turkmen commander Bayram Khan Turkmen was located in his country. Speaking about the great deeds of Bayram Khan, the State Minister of Foreign Affairs of the Republic of India presented the poetic lines, celebrating the honour of the man, who was able to share his wealth and inspire to good deeds, linking them with the modern initiatives of Turkmen leader, President Gurbanguly Berdimuhamedov, aimed at using the wealth that Turkmenistan possesses in the name of the universal peace and prosperity. The State Minister of Foreign Affairs of the Republic of India supported this idea with the well-known proverb: "Knowledge grows with time, and prosperity increases if it is shared".

Focusing on the significance of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline project, Mubashir Javed Akbar noted that its implementation symbolized the common goal, allowing us to look to the future with hope. Speaking about the social aspect of TAPI, the high-ranking guest stressed that the construction of this transnational energy bridge would significantly improve the living conditions of the population in the region and would offer dynamics to its further development, since gas carries not only energy but also progress. The TAPI gas pipeline is an important project for the Indian economy as well. Mubashir Javed Akbar underlined that the pipeline not only connected the countries, but also created new prospects, especially taking into account the opportunities available in the region. Thus, TAPI is a new page in history, Mobashar Javed Akbar stated.

Speaking about the future of the Turkmen-Indian cooperation, the State Minister of Foreign Affairs of the Republic of India emphasized the prospects of the bilateral cooperation in various fields, and especially in the field of IT technologies. The high-level guest said that India welcomed the forward-looking policy pursued by President of Turkmenistan Gurbanguly Berdimuhamedov, the successful implementation of which made the TAPI project a reality.

In conclusion, Mobashar Javed Akbar cited the words of the Turkmen leader that in modern conditions the Great Silk Road stood as the revival of the ancient creative traditions. Laying of the new fiber-optic communication line will continue them. Congratulating everyone on the start of the next stage of construction of the TAPI gas pipeline, the State Minister of Foreign Affairs of the Republic of India addressed the best wishes of progress and prosperity to the peoples of the countries participating in this grandiose project.

Prime Minister of Pakistan: TAPI Projects Creates New Opportunities for Productive Interstate Cooperation

It is a great honor for me to be here today, said the Prime Minister of the Islamic Republic of Pakistan, Shahid Khaqan Abbasi, at the ceremony dedicated to the launch of the next stage of the TAPI project.

The head of Government of Pakistan expressed sincere gratitude to the President of Turkmenistan, Gurbanguly Berdimuhamedov, for the pragmatic approach to the issues of international energy cooperation and constructive initiatives put forward in this strategic sphere.

The Prime Minister of Pakistan stressed that the concept of construction of the TAPI pipeline is coming to fruition, which means that long-standing historical bonds between the peoples of the region are reborn and new opportunities for productive interstate cooperation are created.

Thanking the governments of all countries taking part in the TAPI project for active contribution to its implementation, Shahid Khaqan Abbasi noted Pakistan’s major interest in the new energy route due to the dynamic pace of economic development and, consequently, the growing demands for energy of the country with a population of 270 million people.

The head of Government of Pakistan also stressed the importance of projects in the field of electric energy and establishment of international transit and transport corridors aimed at promoting comprehensive development and economic prosperity of Central Asia.

Pakistan is ready for future active cooperation in this field, stated Prime Minister Shahid Khaqan Abbasi, and renewed his congratulations to the TAPI project partners and to the Asian Development Bank with the launch of the new stage of construction of the pipeline.

President of Afghanistan: TAPI is Foundation for Cooperation of Future Generations

Today we are laying the foundation not only for the further construction of the pipeline, but also for cooperation of our future generations, said President of the Islamic Republic of Afghanistan, Mohammad Ashraf Ghani, at the ceremony dedicated to the launch of the next stage of the TAPI project.

The Afghan leader noted the tremendous significance of today’s event from the standpoint of regional development: “The countries of Southern Asia – Indian, Pakistan and others – are actively developing intestate links in all fields. At the same time, Central Asia is expanding cooperation with Southern Asian countries, being a bridge in strengthening productive cooperation”.

The dignified guest also stressed that Turkmenistan’s deliberate foreign policy course, based on the principles of neutrality, is of specific importance for Afghanistan. He emphasized the productive nature of relations between our countries that are developing both in bilateral format and on regional and multilateral levels.

Noting the successful holding of the 5th Asian Indoor and Martial Arts Games in Ashgabat, the Afghan leader highlighted that this was a success not only for Turkmenistan, but for the Central Asia as a whole.

The far-sighted and wise policy of President Gurbanguly Berdimuhamedov is an important positive factor in the region, stated Mohammad Ashraf Ghani, and continued by stating that dynamic economic development, social stability and availability of vast potential define today’s Turkmenistan.

The Afghan leader placed a special emphasis on the fact that, thanks to the policy and concrete steps taken by the Government of Turkmenistan, the construction of the TAPI pipeline reached the stage of practical implementation. Thanking the Turkmen side for the tremendous contribution to the realization of this project that will engage thousands of construction workers, the President of Afghanistan addressed the head of Turkmenistan with a request to continue supporting this project that is important for the whole region.

Currently, TAPI is deemed to be not only a gas pipeline, but also a corridor uniting our countries. This project is not only of economic, but also of political significance. Construction of electric power and fiber-optic lines along the pipeline’s route will help link Turkmenistan, Central Asia with Chabahar Port, and Afghanistan will play a role as a bridge between the countries of the region, stated Mohammad Ashraf Ghani, and reiterated his country’s readiness to perform this function.

Agreement on the Turkmenistan-Afghanistan-Pakistan electricity transmission line signed

The Intergovernmental Agreement on the Turkmenistan-Afghanistan-Pakistan electricity transmission line between the Government of Turkmenistan, the Government of the Islamic Republic of Afghanistan and the Government of the Islamic Republic of Pakistan, as well as the Turkmenistan-Afghanistan-Pakistan-India gas pipeline project Heads of Terms - Host Government Agreement were signed during the solemn ceremony of launching the construction of the next sstage of the TAPI project and laying the electricity transmission lines and fibre-optic lines along the Turkmenistan-Afghanistan-Pakistan route.

 

Visa names Andrew Torre Regional President for Central and Eastern Europe, Middle East and Africa Region

Published in World
Thursday, 25 January 2018 12:51

Torre will also sit on Visa’s global Operating Committee in San Francisco

Currently serves as Visa President Sub-Saharan Africa and sits on U.S. President’s Council for Africa

Tbilisi – January 23, 2018 – Visa Inc. (NYSE:  V) has announced the appointment of Andrew Torre as Regional President for its Central and Eastern Europe, Middle East and Africa (CEMEA) region, based in Dubai. Torre, who previously led Visa’s Sub-Saharan Africa business, will now oversee all of Visa’s operations in more than 90 countries across CEMEA and report to Visa’s global president, Ryan McInerney. Torre will also sit on Visa’s global Operating Committee.

Torre is a Visa and payments industry veteran, with deep experience across the markets that comprise Visa’s CEMEA region. Having previously worked with the World Bank in Kiev, Moscow and CIS territories, Torre has been with Visa since 2002, holding global roles in product, strategy and pricing, as well as general manager roles in Russia and Sub-Saharan Africa.

“Andrew’s deep experience, which touches every part of our CEMEA region, has prepared him well for his new role. It provides him with a phenomenal understanding of both Visa’s global operations, as well as the markets that make up this fascinating and complex region. This will not only benefit Visa and our financial institution clients, but also add tremendous value to our merchant and government partners as we strive together to bring the benefits of connected, digital commerce to more people in the region” says Ryan McInerney, President, Visa Inc.

He adds; “We are doubly proud and excited that the world-class executive we needed to bring into this role came from our own in-market ranks. This is testament to the value we place on hiring the best people, and helping them develop into the best they can be.” 

Visa’s mission is to connect the world through the most innovative, reliable and secure digital payment network that enables individuals, businesses and economies to thrive.

“Nowhere is our mission more important to economic growth and prosperity than in the CEMEA region,” says Torre. “By 2020, we estimate that around 25 percent of the world’s population will live in this region, and those consumers will be young, technology savvy, and hungry for financial services that are more relevant and accessible to them. This opens up exciting opportunities for us to service those future consumers through innovative, mobile technologies that Visa is deploying, right now, in market, in anticipation of future consumer needs.

He continues, “What is even more exciting is that there is a huge amount of home-grown innovation happening in markets around this region, led by local developers. We are enabling this innovation through the deployment of our APIs (application programming interfaces) to help developers access the Visa network, and then backing it up by creating innovation spaces, like our Center in Dubai and forthcoming Studio in Moscow, for them to co-create with us. These are hugely exciting times for the industry and for Visa, and I am honored to have been chosen to lead our efforts at this important moment in Visa’s history.”

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere.  As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit www.corporate.visa.com, www.visasoutheasteurope.com, https://www.facebook.com/VisaGeorgiaGE, www.visanewscissee.com

 

Business News

Silk Road Tbilisi Forum 2015 has started

Silk Road Tbilisi Forum 2015 has started

Silk Road Tbilisi 2015 forum started today. Following the success of the inaugural Routes Silk Road...

Agreement between SES and GEE

Agreement between SES and GEE

A new multi-year agreement was signed between worldwide satellite operator SES and Global Eagle Ente...

International Year of Soils in Georgia

International Year of Soils in Georgia

The United Nations Development Programme (UNDP), Swiss Cooperation Office in the South Caucasus and ...

New Official Exchange Rate - 1 USD Equals 2.4051 GEL

New Official Exchange Rate - 1 USD Equals 2.4051 GEL

According to the new official exchange rate set by National Bank of Georgia, 1 US Dollar equals 2.40...

MOST READ

« January 2022 »
Mon Tue Wed Thu Fri Sat Sun
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31            

About

The News Agency,
NEWSDAY.GE is
a part of STARVISION
Media Group.
It made its first
appearance on the Internet..More

 

Contact

NEWSDAY Ltd.
Lechkhumi street.43

Georgia,Tbilisi

Phone: (+995 32) 257 91 11
E-mail: avtandil@yahoo.com

 

 

 

Social Media