Nigeria's National Domestic Card Scheme aimed at enhancing domestic payment options and reducing transaction costs.
OPay and Moniepoint issue 17 million Verve cards as Nigerian fintechs switch from Visa and Mastercard
Nigerian banks are issuing local cards like Verve instead of international card schemes like Visa and Mastercard. The COVID-19 pandemic and cash shortages have reduced reliance on card payments and increased the popularity of bank transfers.
