AfriGO has partnered with Moniepoint to distribute 5 million contactless cards, enhancing financial inclusion and promoting Nigeria’s cashless economy. This partnership aims to streamline digital payments, secure transactions, and provide essential banking services to underserved communities. It positions both organizations as pivotal players in shaping a more inclusive financial landscape in Nigeria.
AfriGO and Moniepoint have forged a strategic partnership aimed at enhancing financial inclusion and facilitating Nigeria’s transition to a cashless economy. This initiative includes the distribution of 5 million contactless AfriGO cards, which offer tap-to-pay solutions. The collaboration underscores Nigeria’s dedication to digital payment adoption and a thriving cashless ecosystem.
The partnership leverages Moniepoint’s extensive agent network and infrastructure to facilitate secure and instantaneous payments. Users can conveniently conduct transactions by tapping their AfriGO cards or NFC-enabled devices at payment terminals. This technological implementation aims to enhance the efficiency of financial transactions across the nation.
“Our collaboration with Moniepoint aligns with AfriGO’s mission to deepen financial inclusivity and reduce reliance on foreign exchange for card transactions,” stated Mrs. Ebehijie Momoh, Managing Director & CEO of Afrigopay Financial Services Ltd. With AfriGO, both businesses and consumers will enjoy affordable, secure, and locally-driven payment solutions that prioritize transaction data security within Nigeria, ultimately fostering local innovation.
The AfriGO card introduces features beneficial for merchants, agents, and consumers, including instant settlement and improved cash flow management, thus mitigating operational risks. As a result, this partnership not only strengthens the payment ecosystem but also advocates for significant business growth and enhanced financial inclusion throughout Nigeria.
Moniepoint’s commitment to distributing 5 million AfriGO cards emphasizes a collective vision towards a more inclusive financial landscape. This initiative aims particularly to provide essential banking services to underserved and unbanked communities, thus helping to bridge the financial access gap in Nigeria.
This collaboration transcends mere card distribution; it seeks to establish a digital economy where every Nigerian can engage, irrespective of their geographical or social background. Mrs. Ebehijie Momoh further reflected on the partnership’s potential: “Together with Moniepoint, we are unlocking new possibilities for individuals, businesses, and the entire financial sector.”
As AfriGO and Moniepoint collaborate to redefine payments in Nigeria, this initiative illustrates the strength of local partnerships in implementing sustainable financial solutions rooted in technology. The future of payments is unfolding, led by innovative, Nigerian solutions.
In summary, the partnership between AfriGO and Moniepoint represents a significant advancement in Nigeria’s cashless initiative. With the distribution of 5 million contactless cards, this collaboration aims to improve financial inclusion for underserved communities, enhance transactional efficiency, and foster local innovation. Together, they are poised to transform the financial landscape in Nigeria, facilitating broader participation in the digital economy.
Original Source: techafricanews.com
