By AfriGO, national domestic card scheme powered by Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System, has announced a strategic partnership with Moniepoint Inc.
This collaboration, according to AfriGO, will drive the distribution of 5 million AfriGO cards and introduce contactless, tap-to-pay solutions, boosting Nigeria’s commitment to a thriving, cashless economy.
It went on to say by leveraging Moniepoint’s extensive agent network and robust infrastructure, “this partnership will enable seamless, secure, and instant payments.
“Users will be able to complete transactions by simply tapping or hovering their AfriGO card or Near Field Communication-enabled devices over a payment terminal or compatible mobile phone.”
Ebehijie Momoh, Managing Director and CEO of AFSL, commented: “Our collaboration with Moniepoint aligns with AfriGO’s mission to deepen financial inclusivity and reduce reliance on foreign exchange for card transactions.
“With AfriGO, businesses and consumers alike benefit from a secure, affordable, and locally-driven payment solution that keeps transaction data within Nigeria, fostering local innovation and empowering small and medium-sized enterprises.”
Tosin Eniolorunda, CEO of Moniepoint, added: “Contactless payments have far-reaching benefits for our ecosystem. By unlocking the potential of digital payments, we can create a better life for all Nigerians and reshape the digital economy to help individuals, businesses, and institutions achieve their goals.”
ITWeb
