Access Bank has partnered with AfriGOpay, a financial services business affiliated with the Nigeria Inter-Bank Settlement System (NIBSS) to launch the first Nigerian national domestic card designed to meet the needs of the Nigerian payment industry.Information Guide Nigeria
In a bid to strengthen Nigeria’s financial ecosystem, the scheme championed by the Central Bank of Nigeria (CBN) and the Nigerian Interbank Settlement System (NIBSS) will provide innovative solutions to users of financial services in Nigeria, Africa, and across the global markets.
According to THIS DAY, speaking on the partnership, Victor Etuokwu, Deputy Managing Director, Retail Banking, Access Bank said, “It is with excitement that we announce that Access Bank, Nigeria’s largest retail bank with over 60million customers is the first financial institution in Nigeria to successfully issue the first live card of Nigeria’s National card scheme- AfriGO.JAMB Result
Senior Retail Advisor, Access Bank, Robert Giles who spoke Speaking on the product launch, said, “The National card scheme operates locally, and it is tailored to the specific needs of the country. We have also recorded successful purchases on POS and ATMs which began on March 14, 2023.
“Domestic ownership of a local card scheme eliminates demand on foreign exchange and reduces the cost of transacting. It will also help us partner with local fintech and payment companies to build solutions on the AfriGO scheme that solve customers’ pain points.
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THIS DAY reports that the launch is coming at a crucial time when the national payments’ infrastructure where demand for convenient cash alternatives is at a peak.
The MD/CEO of NIBSS, Premier Oiwoh further stated, “The payments landscape in Nigeria has continued to evolve via seamless and convenient real-time electronic payment solutions driven by innovation and advancement in technology.JAMB Portal
“The launch of our national domestic card scheme AfriGO is very timely; AfriGO will drive our financial inclusion goals amongst many benefits, and we are thrilled that Access Bank is the first bank in Nigeria to issue AfriGO cards to its customers. Access Bank has demonstrated the much-needed commitment to enhancing financial inclusion, and we urge other financial institutions to commence issuing AfriGO for more accessible and convenient payments for all Nigerians, regardless of their location or financial status.”NYSC Portal
Also speaking, Aminu Maida, Executive Director, NIBSS, stated, ” With technological advancements, there are more options for payments and the recently launched national domestic card scheme, AfriGO gives us assured comfort on all financial transactions. We are excited that Access Bank is the first to key into our belief of AfriGO’s immense value to the Nigerian financial ecosystem.“
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