Visa Licenses First Credit Card in South Sudan and 2 Other Dow Movers to Watch
Visa Inc. (NYSE:V): Current price $187.11
The largest bank in the fledgling country of South Sudan, Kenya Commercial Bank, intends to grow by debuting the first credit card service in that country and also by adding more branches, said executives to Reuters. He explained that the bank has won a license from Visa Inc. to launch credit cards in South Sudan where few persons even have a bank account. KCB was one of the first foreign banks to establish premises in Juba, which is now the capital, after the end of civil war between south and north Sudan in 2005.