This development comes 15 months after the company announced issuing 50 million payment cards in Nigeria in July last year, translating to over 40 per cent growth in issuance volumes year-on-year.
Speaking on the milestone, Chief Executive Officer (CEO), Verve International, Vincent Ogbunude, said Verve continues to provide innovative ways to make transactions and payment more secure and convenient for customers, not only in Nigeria, but across Africa and beyond, whilst providing unparalleled value for business partners from both issuing and acquiring perspectives.
“At Verve International, we continue to consolidate our delivery of global-standard payment solutions howbeit essentially tailored to economic and operational realities of the markets where we play across Africa.
“We are greatly delighted again at this point to celebrate another phenomenal milestone, having added 20 million new payment cards to our base in Nigeria, for which we are extremely appreciative of our issuing partners and loyal cardholders.”
He assured that Verve remains focused on addressing peculiar market challenges in Africa by providing secure and cost-effective payment options for individuals and businesses to exchange value, offering both virtual and physical cards that facilitate payment for an increasing number of international services in local currency.
Verve cardholders are also provided with the benefit of using the card in over 21 other African countries, underscoring the company’s resolve to ensure seamlessness of transactions across the continent.
