WATCH THE VIDEO HERE Moniepoint Inc has announced a strategic partnership with Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS), to distribute five million AfriGO cards to Nigerians. The partnership, which aims to further enhance the government’s digital payment agenda, is also set to accelerate the adoption of AfriGO Card, Nigeria’s National Domestic Card Scheme, nationwide. According to a statement from the two organizations, the collaboration will also leverage Moniepoint’s reach and infrastructure to tap-and-pay solution, which allows users to make payments by tapping or hovering their contactless card or Near Field Communication (NFC) enabled device over a payment terminal or directly on compatible mobile phone devices. Speaking on the collaboration, the Managing Director and CEO of Afrigopay Mrs. Ebehijie Momoh, said the partnership is set to transform financial service delivery, particularly in underserved areas, by leveraging AfriGO’s innovative payment solutions. “The benefits of contactless payments are far reaching and will be great for our ecosystem. “There are mutual synergies in unlocking potentials by creating a better life through our services for all Nigerians and we can reshape the digital economy so everyone — individuals, financial institutions, governments and businesses — can realize their ambitions,” he said. The AfriGO card initiative was launched in January 2023 by the Central Bank of Nigeria (CBN) and the NIBSS to boost financial inclusion in the country and reduce dependence on foreign cards.
Moniepoint and AfriGO to distribute 5 million cards to boost digital payment in Nigeria
