30 results
- 22 Jan 2023
7 Facts About the National Domestic Card Scheme System
MYTH : ATMs, Cards will no longer be in use as CBN, NIBSS move to unify Payment through the National Domestic Card Scheme. FACT: This is FALSE. Existing ATMs, Cards and POS will still function…
- 28 Jul 2013
Profit tops Banks’ Consideration for Card Schemes
The preference of certain card scheme over the other by Nigerian banks is driven by profit consideration rather than the value customers would get from such card, Nigeria CommunicationsWeek can now…
- 13 Aug 2017
Banks Hinder Customers’ Card Choices with Card Schemes Alignment
Contrary to directive by Central Bank of Nigeria (CBN) for money deposit banks to offer their customers the option of choosing electronic card scheme of their choice, some banks still show preference…
- 8 Apr 2024
FG Taps SecureID to Manufacture AfriGo Card, First National Domestic Card Scheme
National Identity Management Commission (NIMC) has appointed SecureID, a Lagos-based company as first manufacturer of AfriGo Card, the national domestic card scheme, an innovative identity solution…
- 26 Jan 2023
CBN, NIBSS Unveil ‘Afrigo’ Nigeria’s National Domestic Card Scheme
Central Bank of Nigeria on Thursday officially unveiled the Nigerian National Domestic Card Scheme – AFRIGO, in conjunction with the Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, the Bankers…
- 13 Apr 2024
NIMC Makes Clarifications on AfriGo, New National Domestic Card Scheme
National Identity Management Commission (NIMC) has said that the new national Identity card, powered by AfriGo Card, is a single card with multiple services. NIMC made the clarification against the…
- 26 Oct 2017
Bayelsa Govt. Decries Low Enrolment in National Identity Card Scheme
The Bayelsa government yesterday described the residents’ apathy to the ongoing enrolment in the National Identity Card scheme as “appalling.” Mr Daniel Iworiso-Markson, Commissioner for Information…
- 14 Jul 2025
Africa Launches PAPSSCARD, First Pan-African Card Scheme
Africa has marked a significant step towards financial independence following the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Professor Benedict Oramah, president and chairman…
- 12 Dec 2016
Visa Bags BJAN’s Best Card Payment Scheme in Nigeria Award
Visa Inc., the global leader in payments, has been recognised by the Brand Journalists’ Association of Nigeria (BJAN) as the Best Card Payment Scheme in Nigeria. This announcement was made at the…
- 1 Nov 2013
Experts Raise National Security Worries Over ID Card Scheme
The federal government has been urged to immediately halt the National Identity Card (ID) project and review the legal limits on use of data to be generated by the exercise because of the involvement…
- 31 Aug 2009
Identity Card Scheme Helps in National Planning– Bickersteth
Adesola Bickersteth is the general manager Chams City , a world-class ICT company. Bickersteth is a seasoned Internet specialist who has distinguished himself professionally in the ICT industry…
- 24 Feb 2014
UBA Partners Parolz.com on Payment Card Loyalty Scheme
United Bank for Africa (UBA) Plc has entered into a partnership deal with Parolz.com, an online platform which offers exclusive discounts and benefits from top outlets in Nigeria. The offers…
- 10 Apr 2023
Verve Card Expands Payment Scheme, Integrates Contactless Payments
Verve International has on-boarded 50 additional scheme members, bringing the total number of its scheme members to 250, spread across banks and other financial institutions. Verve’s position as a…
- 20 Sept 2015
Nigerians Suffer as Banks Appetite for Foreign Cards Grow
The fondness of Nigerian banks to persuade customers to settle for foreign card schemes at the detriment of locally grown schemes fuels an insidious and relegating effect on local efforts and the…
- 11 Apr 2014
GTBank, Avios Launch Loyalty Reward Scheme
Guaranty Trust Bank plc has announced the launch of its new loyalty scheme exclusively for GTBank credit card holders. The loyalty scheme is in partnership with Avios, the leading global travel…
- 18 Sept 2013
Survey Shows Nigerians Back NIMC on New ID Card
About 8 in 10 Nigerians have expressed support for the introduction of the new national identification (ID) card scheme, confirming that it is a priority for Nigeria as revealed in the latest weekly…
- 19 Jul 2010
InterSwitch Partners Nedbank on Verve Card
Nedbank and Verve card scheme operator Interswitch struck deal that allows Verve debit card holders to withdraw cash from 1,860 Nedbank ATM cash machines in South Africa. The deal was made possible…
- 29 Sept 2019
Verve Drives to Build a Global Brand @ 10
Verve, a Nigerian Pan-African and multinational financial technology and payment card scheme, over the weekend celebrated its ten years of operation as with the aim to build an African enterprise of…
- 16 Jul 2024
ChamsSwitch Partners Wema Bank, launches UnionPay Cards in Nigeria
ChamsSwitch, a leading financial technology company, is thrilled to announce its strategic partnership with Wema Bank to launch the UnionPay card in Nigeria. This collaboration is set to…
- 19 Mar 2025
UBA Launches Afrigo Card to Revolutionise Domestic Payments
United Bank for Africa (UBA) Plc. Africa’s Global Bank, has launched the Afrigo Card, a revolutionary domestic card scheme aimed at transforming the Nigerian payments landscape. Officials of UBA at…
- 5 Apr 2012
Valucard Metamorphoses into Unified Payments Company
ValuCard Nigeria Limited, foremost payment industry solutions provider has shed its toga to become a Unified Payment Services Limited. Bisi Onasanya, chairman, Board of Directors, Unified Payments®,…
- 28 Dec 2012
FCMB Bags Card Issuance Award
First City Monument Bank Plc (FCMB) said it has been honoured as the ‘Best Bank in Pre-paid Card Issuance for 2012,” at the annual Verve Bank Awards organised by Interswitch Nigeria Limited in Lagos…
- 30 Mar 2023
Access Bank partners AfriGOpay to boost Nigeria’s payment ecosystem
Access Bank in partnership with AfriGOpay, has launched the first national domestic card designed to meet the needs of the Nigerian payment industry. Mr Victor Etuokwu, Deputy Managing Director,…
- 1 Aug 2016
Union Pay Bumps Visa to No. 2 Spot in Global Payments Value
According to a new report from RBR, "Global Payment Cards Data and Forecasts to 2021," China's UnionPay is now the largest scheme in terms of value of card payments. Market share for the…
- 29 Jul 2013
How and Why Terrorism Financing Thrive
A month long investigation by Nigeria CommunicationsWeek has revealed the vulnerability of credit cards to misuse for terrorist financing purposes and other illegal activities. The investigation…
- 1 Oct 2019
Verve Promises Continued Efficient Payment Solutions Delivery
Verve Card has promised to continually improve financial inclusion across borders and make payments much more seamless and efficient. This promise was made in Lagos by Mitchell Elegbe, Founder/GMD,…
- 21 Jul 2017
Global Payment Cards Top 14Bn, Target 17Bnn in 2022
The number of payment cards worldwide increased 8 percent in 2016 to a total of 14 billion — 1 billion of which were issued in the space of one year. By 2022, the total count could exceed 17 billion,…
- 31 Aug 2010
CBN Secures ATM Transactions, Boosts Traffic on NCS
Central Bank of Nigeria (CBN) has directed banks in the country to connect to the Nigeria Central Switch (NCS) by December 1, in one of the many efforts by the apex bank to shore up confidence in the…
- 25 Aug 2013
Verve Cards Goes Live in US, Europe
Verve International, an indigenous electronic payment card scheme has perfected arrangement that will enable its Verve card to be accepted at ATMs and point-of-sale (PoS) terminals in the US, Europe…
- 17 Feb 2020
Verve Launches ‘Live the Good Life Campaign’
Verve, the largest domestic card scheme in Africa, has launched a new campaign themed “Live the good life”, which reiterates the essence of the brand, affirming its versatility and the brand’s…