PalmPay and AfriGO collaborate to launch 5 million AfriGO cards in Nigeria, enhancing financial inclusion and digital payments for underserved communities. The initiative is focused on secure, localized payment solutions that improve transaction efficiency and support the digital economy.
PalmPay and AfriGO have formed a strategic partnership to enhance financial inclusion in Nigeria by issuing over 5 million AfriGO cards. This initiative aims to empower underserved communities, boost financial accessibility, and strengthen the digital economy. The AfriGO card, developed by Afrigopay Financial Services Limited, adheres to EMVCo standards, ensuring secure transactions through tokenization and contactless payment options.
PalmPay’s goal of distributing 5 million AfriGO cards reflects its commitment to closing the financial gap for unbanked and underserved populations in Nigeria. The AfriGO card will facilitate a range of transactions, including online purchases, ATM withdrawals, money transfers, and cashless payments via Agent POS terminals. With immediate transaction finalization through the AfriGO Instant Settlement service, merchants will see improved cash flow and lower risks.
Both PalmPay and Afrigopay Financial Services are dedicated to transforming the payment landscape in Nigeria. Chika Nwosu, Managing Director of PalmPay Nigeria, emphasized their commitment to creating inclusive and innovative financial solutions through this partnership. Ebehijie Momoh, Managing Director/CEO of Afrigopay, stated that this collaboration will enhance access to digital payments, especially in underserved areas, thereby driving financial inclusion and supporting Nigeria’s digital economy.
The partnership between PalmPay and AfriGO aims to significantly enhance financial inclusion in Nigeria by rolling out over 5 million AfriGO cards. This initiative will not only provide secure and cost-effective payment options to underserved communities but also strengthen Nigeria’s position in the digital payment ecosystem. Both companies are focused on leveraging their resources to improve financial accessibility and efficiency, catering to the specific needs of the Nigerian market.
Original Source: www.thisdaylive.com
