Verve International, Africa’s largest domestic payment scheme, has reached a significant milestone with over 70 million payment cards issued in Nigeria. This achievement marks a rapid 40% growth in card issuance, as the company added 20 million new cards since reaching the 50 million mark just 15 months ago. The increase reflects Verve’s solidifying position in Nigeria’s payment landscape, driven by a focus on security and convenience for users.
Chief Executive Officer Vincent Ogbunude highlighted Verve’s commitment to providing secure and accessible payment solutions tailored to the unique economic and operational needs across Africa. He emphasized that Verve is dedicated to supporting financial inclusion through partnerships that expand their reach and enhance transaction efficiency.
Verve aims to continue expanding its services across the continent, ensuring that both issuing and acquiring partners benefit from the brand’s growth. The company attributes its success to strong collaborations with its issuing partners and loyal cardholders, whom it credits for helping reach this impressive milestone in Nigeria’s payment card market.
