AfriGO has partnered with Moniepoint Inc. to distribute 5 million contactless cards in Nigeria, enhancing financial inclusion and accelerating the transition to a cashless economy. This partnership will enable seamless payments and financial services for underserved populations, promoting local innovation and reducing reliance on foreign exchange.
AfriGO has recently partnered with Moniepoint Inc. to facilitate the distribution of 5 million contactless cards, aiming to enhance financial inclusion and support Nigeria’s transition to a cashless economy. This collaboration leverages AfriGO’s capabilities as the National Domestic Card Scheme and Moniepoint’s extensive agent network to promote digital payment adoption across the nation.
Through this partnership, users can process transactions swiftly by tapping their AfriGO cards or using Near Field Communication (NFC) devices at compatible terminals. This initiative not only supports seamless and secure payments but also aligns with AfriGO’s mission to encourage financial inclusivity and lessen dependence on foreign exchange for card transactions.
The AfriGO card promotes advantages for merchants, agents, and consumers, such as instant settlement, enhanced cash flow management, and reduced operational risks. This initiative bolsters the payment ecosystem throughout Nigeria, facilitating business growth and improving financial access for a broader population.
Moniepoint will play a crucial role in the deployment of these cards, reflecting a shared commitment to creating an inclusive financial landscape. The impending rollout aims to provide essential banking services to underserved and unbanked communities, contributing significantly to bridging Nigeria’s financial access gap.
This partnership transcends mere card distribution; it strives to cultivate an environment wherein all Nigerians can engage with the digital economy, irrespective of their circumstances or locations. The collaboration between AfriGO and Moniepoint marks a significant milestone towards introducing sustainable financial solutions tailored to Nigeria’s unique needs.
The strategic alliance between AfriGO and Moniepoint aims to enhance Nigeria’s cashless economy by distributing 5 million contactless cards. This initiative empowers users with a secure and efficient method of conducting transactions while fostering financial inclusion across the nation. The partnership exemplifies a commitment to building a more inclusive financial ecosystem that benefits all Nigerians, thus unlocking new opportunities and reinforcing local innovation.
Original Source: techafricanews.com
