Verve, Remita look to enhance payment services in Nigeria

1 February 2019

Money Transfer

Pan-African financial technology brand, Verve, has partnered with leading electronic payment platform, Remita, to improve payment services across the continent. The agreement will see both companies incorporate their products, enabling their respective users to pay on the Remita platform using Verve card.

“The acceptance of Verve cards on Remita represents increased convenience to Remita customers and a strategic partnership for markets in which Verve operates,” said Demola Igbalajobi, Divisional Head, Products, Services and International Business at SystemSpecs (owners of Remita). “With this development, using a Verve card or virtual token, customers can settle various bills in a fast, convenient and secure manner from anywhere and at any time,” Demola added.

This collaboration is expected to be enjoyed by millions of Verve and Remita customers across Nigeria and the African continent.

Commenting on the partnership, Mike Ogbalu, Chief Executive Officer, Verve International said it was an exciting development for not just the company but also to millions of Verve customers. “… it means there are now even more things they can do with their Verve cards and digital tokens,” said Ogbalu.

Remita is a suite of FinTech solutions designed to improve National Payment Systems through seamless harmonisation of payments and collections across the financial ecosystem. The solution caters for the complete payments ecosystem, including the Central Bank of Nigeria, commercial banks, microfinance banks, mobile money operators/schemes, agency banking platforms, switches, settlement companies, organisations and individuals.

Verve provides EMV cards, cardless products and solutions to financial institutions, individuals, private organizations and government institutions across Africa. The company’s cards are accepted in 185 countries including 22 African countries, China, United Kingdom, United States and UAE.

Source: Ventures Africa