Visa and Tingo to Drive Financial Inclusion for African Farmers

MICT, Inc. (NASDAQ: MICT) (“MICT”), through its wholly-owned subsidiary Tingo Mobile, and Visa (NYSE: V), the global leader in digital payments, today announced the launch of their pan-African strategic partnership, which aims to improve access to digital payments and financial services, and drive financial inclusion across Africa.

The launch of the Tingo Visa card, together with the new TingoPay Super App and the TingoPay business portal, opens significant global opportunities to Tingo’s subscribers, allowing secure cashless payments at more than 61 million merchants in over 200 countries through Visa’s global network, as well as the ability for business subscribers to more readily and securely accept payments from customers and other third parties.