AfriGO and Moniepoint have formed a partnership to distribute 5 million AfriGO contactless cards, promoting financial inclusion and advancing Nigeria’s cashless economy. Leveraging Moniepoint’s infrastructure, the initiative aims to facilitate secure transactions and enhance the payment ecosystem, ensuring access for underserved communities. This collaboration signifies a commitment to local solutions and sustained growth in the digital financial landscape.
AfriGO, the National Domestic Card Scheme under Afrigopay Financial Services Limited, has announced a significant collaboration with Moniepoint Inc. This partnership focuses on distributing 5 million AfriGO contactless cards, marking a pivotal advancement in Nigeria’s move towards a cashless economy and enhancing financial inclusion nationwide.
By utilizing Moniepoint’s well-established agent network and infrastructure, users will enjoy seamless and secure transactions. Payments can be processed easily via tap-to-pay technology using an AfriGO card or NFC-compatible devices, ensuring a user-friendly experience for consumers and businesses alike.
The initiative is part of AfriGO’s broader mission to enhance financial inclusivity in Nigeria, reducing dependence on foreign currencies for transactions. The AfriGO card offers numerous advantages, such as instant settlements and improved cash management, ultimately strengthening Nigeria’s payment ecosystem and fostering innovation among small and medium-sized enterprises (SMEs).
Moniepoint’s objective of distributing 5 million AfriGO cards highlights a mutual goal of fostering an inclusive financial landscape, especially for unbanked communities. This partnership aims to provide vital banking services—including payments, deposits, and transfers—bridging the financial access gap prevalent in Nigeria.
The essence of this collaboration lies not solely in card distribution but in creating a future where every Nigerian can actively engage in the digital economy, regardless of their circumstances. By partnering with Moniepoint, AfriGO is creating new opportunities for individuals and businesses alike, transforming Nigeria’s financial sector.
Together, AfriGO and Moniepoint represent a powerful local initiative aimed at delivering technologically-driven financial solutions, symbolizing the promising future of payment systems in Nigeria. The collaboration epitomizes the local partnerships necessary for building a sustainable cashless economy in the region.
The partnership between AfriGO and Moniepoint is a strategic move to enhance financial inclusion in Nigeria by distributing 5 million contactless cards. This collaboration aims to facilitate secure and efficient transactions, empowering underserved communities and SMEs across the nation. By promoting local payment solutions, this initiative also strives to close the financial accessibility gap, paving the way for a thriving cashless economy in Nigeria.
Original Source: techafricanews.com
