·
Expands Network to over
200 direct Scheme members across Africa
·
Issues over 35 million Verve
cards in Nigeria
With an increasing
global need for safe and convenient payment options, Africa’s leading payment
technology and card business, Verve International has announced a marked
expansion in its payment scheme, onboarding over 200 direct Scheme members cross-continent
and also firmly consolidating its growing market share in Nigeria – in terms of
card issuance and transactions, having now issued over 35 million active payment
cards to date, as well as a combined aggregate of well over 50 million tokens,
taking into account its complement of physical (plastic) and digital payment
tokens.
On the African
front, Verve cardholders are provided with the benefit of using the Verve card
in Nigeria and 21 other African countries, underscoring the company’s resolve
to ensure the seamlessness of transactions across the continent, particularly
for the critical mass of consumer demographics, whilst driving value and
efficiency for African financial institutions.
On a global scale,
through strategic partnerships with partners such as Discover Financial
Services, as well as a plethora of rapidly expanding issuing and acceptance partnerships,
including major financial institutions such as KCB across East Africa and a
growing network of SACCOs in Kenya and Uganda who issue/accept Verve cards; Verve
cardholders are able to perform transactions and make payments from anywhere
and anytime using their Verve Card. The Verve Global Card from the Discover
partnership is accepted in 185 countries that include the United States of
America, United Kingdom, South Africa, and the United Arab Emirates (UAE).
Very recently,
in a bid to further expand its footprint in the East African region, Verve deepened
its partnership
with KCB Bank of Uganda in a move that will see the acceptance of the
Verve Card on KCB Bank’s widespread and strategically distributed Point of Sale
(POS) merchant network across Uganda, commemorated with a joint announcement
and media event in Kampala earlier in February.
Cardholders have
come to regard Verve as a safe and reliable payment solution for everything
payment. Verve cards can be used across a wide range of payment channels like
Point of Sale (POS) terminals, Automated Teller Machines (ATMs), web, among
others.
Chief Executive
Officer (CEO) of Verve International, Vincent Ogbunude, stated that Verve
continues to provide innovative ways to make transactions and payment more
secure and convenient for loyal customers across the globe.
He said, “As
the world continues the shift towards a cashless system, and in the face of an
increased uptake of digital payments, it has become important that we find new
and innovative ways to serve our cardholders and ensure that they have a
seamless and secure payment experience, providing them with the good life.
“At Verve,
we remain focused on improving our customers’ experiences, while making their
lives better; and with this in mind, we seek out opportunities to ensure that
mechanisms that will make our goals possible are put in place.”
Verve international
is the first and only EMV-certified pan-African, customer-centric payment
scheme (a subsidiary of the Interswitch Group), issuing cards and payment
solutions to individuals, issuers, and organizations; and remains committed to
pushing the bounds in terms of customer experience and payment possibilities.
