OPay embraces Nigeria’s domestic card to improve digital payments

A financial technology firm, OPay has embraced Nigeria’s domestic card AfriGO in a bid to enhance digital payment services in Nigeria.

AfriGO, Nigeria’s National Domestic Card Scheme is powered by Afrigopay Financial Services Limited (AFSL), a subsidiary of Nigeria Inter-Bank Settlement System (NIBSS).

According to the Managing Director, OPay, Mr. Dauda Gotring, the drive to embrace AfriGO was part of the firm’s commitment to ease financial services to its customers.

 “Our partnership with AfriGO aligns perfectly with our goal of simplifying financial services for every Nigerian,” he said.

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He added that the card would enlarge the net of the users in the Fintech ecosystem, noting that it would help to reach the underserved populations.

“The OPay/AfriGO card is not just a product; it’s a powerful tool that will enable us to reach more Nigerians, particularly those who have been underserved by traditional banking services.

“This will provide Nigerians with a more affordable payment option, enable instant settlement of transactions, and further promote financial inclusion across the country,” he said.

The Managing Director, Afrigopay Financial Services Ltd. (AFSL), Ebehijie Momoh stressed that the partnership would add immense value to the Fintech ecosystem.

“This partnership is set to transform financial service delivery, particularly in underserved areas. Agent networks expand coverage by supporting local businesses and offering key banking services, such as purchases, deposits, withdrawals, and money transfers, thus enhancing accessibility and promoting financial inclusion. 

She highlighted the features of the card, saying it was designed with robust technology infrastructure and effective liquidity management to ensure smooth and secure operations.

“With AfriGO Instant Settlement service, merchants and agents will benefit from the immediate finalization of transactions, leading to greater efficiency, improved cash flow, and reduced risk. Supported by robust technology infrastructure and effective liquidity management to ensure smooth and secure operations, together, we will make financial services faster and more accessible,” she said.