Verve Card Adopts Contactless Payment Solution

April 7, 2023
Verve Alcineo SoftPOS

By Modupe Gbadeyanka

In its continuous drive for expansion across Africa and the globe, Verve International has integrated contactless payment technology into its cards, allowing Verve cardholders to make payments for financial transactions in record time.

Also, the payment brand has onboarded 50 additional scheme members, bringing the total number of its scheme members to 250, spread across banks and other financial institutions.

This allows Verve to provide a seamless and secure payment experience with its over 45 million cards in circulation, for existing and newly onboarded individuals and businesses who will be able to make payments faster by simply tapping their Verve cards at payment terminals with the contactless feature, including Point of Sale (PoS) terminals at merchant and agent locations.

Verve’s contactless payment card leverages the latest security technology to protect customers’ personal and financial information using EMV technology.

These initiatives have placed Verve as a market leader. The company has always made efforts to create innovative payment solutions as well as leverage strategic partnerships that provide Verve cardholders with more convenient and secure payment options.

The Managing Director of Verve International, Mr Vincent Ogbunude, while speaking on the newly onboarded members, stated that the Verve brand remains committed to providing customers with competitive value in the payment landscape, not just in Nigeria but across the globe.

“We are excited to continue expanding our payment scheme and pushing the frontiers of innovation in the payment industry. We will continue to drive partnerships that do not only simplify payments but also provide topnotch inventive payment experience for Verve cardholders to strengthen the growth of the digital payment ecosystem,” he said.

On the Verve contactless card, Mr Ogbunude noted that the adoption of contactless technology is growing rapidly, and the Verve brand is proud to be part of this development, offering its customers a fast, secure, and convenient payment experience.

As a proudly indigenous card with recognition as the first EMV-enabled domestic payment card in Nigeria. Verve, through strategic partnerships with Discover Financial Services, extends its acceptance footprint to over 180 countries.

Verve has expressed its commitment to leveraging emerging technologies like contactless payment to avail cardholders of seamless and secure payment solutions.

Verve’s vision aligns with that of its parent company, the Interswitch Group, pushing the frontiers of innovation and creating platforms through which Africans are enabled to live more prosperous lives.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Leave a Reply

unlisted securities exchange
Previous Story

Unlisted Securities Exchange Market Down by 0.10%

Resumed Smuggling of Foreign Rice
Next Story

Customs, EFCC to Tackle Corruption, Smuggling

Latest from Brands/Products

Don't Miss