PalmPay rolls out Verve debit cards as Nigerian fintechs shift to local providers
PalmPay launched its first debit card in partnership with Verve, marking a significant evolution in its services. The debit card launch follows a partnership with AfriGo to distribute five million contactless payment cards across Nigeria.
Carbon resumes issuance of debit cards in partnership with Verve
Carbon has partnered with Verve to resume issuing debit cards after a nine-month pause. The startup previously issued Visa cards but ended that partnership due to high costs.
Interoperability critical to the future of payment solutions in Africa
Favorable demographics and economic growth are defining the future of payments in Africa. Payment startups have made significant strides in addressing challenges in the payment ecosystem.
Exclusive: How a six-week freeze on customer onboarding slowed card demand for OPay and Moniepoint
Nigeria's central bank's freeze on customer onboarding led to a decline in card demand for Opay and Moniepoint. Opay and Moniepoint reduced the number of cards dispensed to agents.
Shifting Tides: Nigerian Banks Embrace Local Card Schemes Amidst Changing Consumer Behav
Banks in Nigeria are adopting local card schemes like Verve, moving away from international giants such as Visa and Mastercard. The pandemic has reduced reliance on card payments, leading to the popularity of bank transfers.
