Firms Adopt Visa Digital Payment Card in Nigeria

Monday, February 9, 2015

Chams Mobile and Skye Bank Plc have signed an agreement to launch the Virtual Visa Card in Nigeria.

The card is an entirely digital payment card for online and mobile use.

A statement at the weekend explained that the Virtual Visa Card programs have had great success in Asia and Europe, adding that the new program would expand financial inclusion to millions of Nigerians.

The card would be available in March from ChamsMobile and Skye Bank.

Deputy Managing Director, ChamsMobile, Mr. Gavin Young was quoted to have expressed delight over the new virtual payment solution, which was developed with the company’s international joint venture partners Bancore and Global Technology Partners (GTP).

According to Young, with the product offering on mobile phones, millions of Nigerians would have access to payments and make purchases, along with a range of other services, by using a Visa card from their phone and other electronic devices, with the benefit of access to the global digital economy.

“E-commerce savvy users can shop securely online and those without a formal banking relationship will suddenly have the means to make their money work for them and move towards financial inclusion,” he said.

Source: Thisday Live (link opens in a new window)

digital payments, financial inclusion