Economy
Easy Set-up of a Virtual Dollar Card for African Residents
Africa is currently experiencing a digital boom. The number of internet users in Nigeria, Rwanda, South Africa, and other countries is rapidly rising, with most users relying on mobile internet. As a result, the demand for convenient payment solutions for mobile app and service purchases is more relevant than ever. Platforms like Spotify and Apple Music, the AppStore and Google Play, as well as shopping platforms like ASOS, eBay, and AliExpress are particularly popular. However, cards issued by local African banks are often either incompatible with these services or come with high currency conversion fees.
In this article, we’ll explain how to set up a virtual dollar card in just one minute, with no documentation required. Read on for a full review of the Ultima virtual cards from PSTNET.
What is the Ultima card from PSTNET?
PST.NET is a financial platform that issues virtual cards for international payments and ad expenses. All of its cards are issued through banks in the United States and Europe. One of the most popular products from the platform is the Ultima credit card. This is a dollar-denominated card that uses the Visa/Mastercard payment networks, making it widely accepted for payments in any app store or online marketplace.
Benefits of the Ultima card:
- Zero fees: No fees are charged for transactions, withdrawals, or operations involving blocked/frozen cards
- Low top-up fee: Just 2%, with a fixed rate that does not change based on top-up conditions
- No limits on top-ups and spending: You can top up the card with any amount and spend as much as you want
- Unlimited card issuance: You can create multiple cards to manage your expenses. For example, use one card for subscriptions and another exclusively for online shopping
- High security: The card is equipped with 3D Secure technology and two-factor authentication. Each transaction requires confirmation with a unique code, which can be received via SMS or through the platform’s secure Telegram bot, enhancing protection against fraud and unauthorized transactions
How to get the Ultima card in Africa
Setting up the Ultima card is a quick process. To sign up, choose one of the available sign-in options: Google, Telegram, WhatsApp, Apple ID, or email. After registration, you’ll have access to your personal account, where you can issue your first card with just a few clicks. No documentation is required.
The card becomes active immediately — just top it up, and you’re good to go.
You can choose between a weekly plan at $7 or an annual plan. Currently, there’s a 48% discount on the annual plan, making it just $99.
If you have any questions or run into any issues, PSTNET’s customer service is available 24/7 and responds quickly on Telegram, WhatsApp, or through the live-chat.
Additional features:
- Crypto top-ups available: USDT (TRC20/ERC20), BTC, ETH, BNB, XRP, TRX, BCH, USDC (Ethereum), USDC (Tron), ADA, SOL, MATIC, BUSD, LTC, DASH, DOGE, TON
- Traditional funding options: SWIFT/SEPA bank transfers, other Visa/Mastercard cards
- Withdrawals: Available in USDT with no fees
To pay for international services and apps, African residents can use Ultima virtual cards, which are easy to set up without any documentation. These cards come with zero fees, no spending or top-up limits, a low balance top-up fee, and many other advantages.
Thanks to 3D Secure technology, these cards provide robust protection for your funds against fraud. Overall, the Ultima card is a great solution for both small daily payments and larger transactions on international platforms. Additionally, these cards can be used to receive payments from foreign employers or to crypto withdraw.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange fell by 0.24 per cent on Friday, April 25 after the duo of FrieslandCampina Wamco Nigeria Plc and Afriland Properties Plc landed on the losers’ table.
FrieslandCampina Wamco Nigeria Plc depreciated by N2.58 to sell at N35.37 per unit compared with the previous day’s N37.95 per unit, and Afriland Properties Plc lost 2 Kobo to close at N17.78 per share versus Thursday’s closing value of N17.80 per share.
However, Geo-Fluids Plc appreciated by 10 Kobo during the trading day to sell for N1.80 per unit, in contrast to the preceding session’s N1.70 per unit. The rise in the price of the stock could not prevent the fall of the bourse yesterday.
Consequently, the market capitalisation of the trading platform went down by N4.64 billion to N1.914 trillion from N1.918 trillion and the NASD Unlisted Security Index (NSI) declined by 7.92 points to 3,269.06 points from 3,276.98 points.
The final trading session of the week ended with a surge of 1,695.8 per cent in the volume of securities transacted to 3.7 billion units from the 206.2 milion units transacted in the previous trading day.
Equally, the value of transactions jumped by 2,592.6 per cent to N9.5 billion from N354.1 million on Thursday, and the number of deals decreased by 47.4 per cent to 20 deals from the 38 deals recorded a day earlier.
Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with 533.9 million units sold for N520.9 million, followed by Geo-Fluids Plc with 259.3 million units worth N456.1 million, and Okitipupa Plc with 153.6 million units valued at N4.9 billion.
Also, Okitipupa Plc remained the most active stock by value on a year-to-date basis with 153.6 million units valued at N4.9 billion, trailed by FrieslandCampina Wamco Nigeria Plc with 15.6 million units worth N598.5 million, and Impresit Bakolori Plc with 533.9 million units sold for N520.9 million.
By Dipo Olowookere
A 0.30 per cent fall was recorded by the Nigerian Exchange (NGX) Limited on Friday as a result of profit-taking in the industrial goods sector.
This was mainly caused by sell-offs in Dangote Cement Plc, which released its financial statements for the first quarter of 2025 yesterday.
The cement maker lost 10.00 per cent during the session to trade at N432.00, Regency Alliance lost 8.06 per cent to close at 57 Kobo, VFD Group depreciated by 7.57 per cent to N17.10, Chams declined by 7.27 per cent to N2.04, and Sovereign Trust Insurance crashed by 6.12 per cent to 92 Kobo.
Conversely, International Breweries, Legend Internet, and Ikeja Hotel gained 10.00 per cent each to sell for N7.70, N6.82, and N12.10 apiece, Vitafoam Nigeria surged by 9.93 per cent to N44.85, and Eterna rose by 9.92 per cent to N39.90.
The industrial goods index was down by 4.73 per cent on Friday, as the others finished in green territory.
The consumer goods space rose by 2.21 per cent, the banking sector appreciated by 1.55 per cent, the insurance counter expanded by 1.50 per cent, the energy sector increased by 0.07 per cent, and the commodity industry went up by 0.04 per cent.
At the close of transactions, the All-Share Index (ASI) went down by 321.21 points to 105,753.05 points from 106,074.26 points and the market capitalisation shrank by N202 billion to N66.465 trillion from N66.667 trillion.
The level of activity increased yesterday as the trading volume, value, and number of deals grew by 30.40 per cent, 94.23 per cent, and 17.64 per cent, respectively.
This was because investors transacted 428.1 million shares worth N20.2 billion in 14,284 deals compared with the 328.3 million shares valued at N10.4 billion in traded in 12,142 deals a day earlier.
GTCO led the activity chart with 60.7 million equities sold for N3.8 billion, Fidelity Bank traded 41.4 million stocks worth N829.3 million, Access Holdings exchanged 40.6 million shares valued at N968.3 million, MTN Nigeria sold 33.0 million equities for N8.2 billion, and Zenith Bank transacted 22.9 million stocks worth N1.1 billion.
By Adedapo Adesanya
The Naira extended its gains against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, April 25 by 0.22 per cent or N3.59 to sell for N1,599.42/$1 compared with the N1,603.01/$1 it was traded in the previous session.
The Nigerian currency also improved its value against the Euro in the official market by N1.36 to close at N1,818.53/€1 compared with Thursday’s closing price of N1,819.89/€1.
However, the domestic currency depreciated against the Pound Sterling in the same market segment yesterday by N1.90 to wrap the session at N2,130.44/£1 versus the preceding session’s rate of N2,128.50/£1.
At the black market segment, the Naira appreciated against the greenback on Friday by N2 to quote at N1,605/$1, in contrast to the previous day’s value of N1,607/$1.
In the cryptocurrency market, a possible regulatory progress about digital assets in the US spurred buying interest among investors during the trading session.
The chairman of the US Securities and Exchange Commission, Mr Paul Atkins, was at a crypto roundtable on Friday and he devoted his inaugural speech to assuring the industry that he will continue to remake securities policy to favor digital assets innovation.
Litecoin (LTC) rose by 3.0 per cent to $87.24, Dogecoin (DOGE) grew by 2.7 per cent to $0.1862, Bitcoin (BTC) increased by 1.3 per cent to $94,687.84, Ethereum (ETH) jumped by 1.2 per cent to $1,797.51, Cardano (ADA) improved by 0.9 per cent to $0.7235, and Ripple (XRP) gained 0.6 per cent to close at $2.20.
On the flip side, Solana (SOL) depreciated by 0.9 per cent to $151.64, and Binance Coin (BNB) lost 0.8 per cent to sell for $602.89, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.
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