AfriGO and Moniepoint Collaborate to Advance Nigeria’s Cashless Economy

AfriGO and Moniepoint have partnered to distribute 5 million contactless cards in Nigeria, promoting financial inclusion and facilitating the country’s transition to a cashless economy. This collaboration leverages Moniepoint’s infrastructure to ensure secure, instant payments and supports local businesses while addressing the financial access gap for underserved communities.

AfriGO, a National Domestic Card Scheme powered by Afrigopay Financial Services Limited, has entered a significant partnership with Moniepoint Inc. to promote the use of cashless payments in Nigeria. Together, they aim to distribute 5 million contactless AfriGO cards, fostering financial inclusion and supporting Nigeria’s transition to a cashless economy.

By utilizing Moniepoint’s established agent network and infrastructure, the initiative will facilitate secure, instantaneous transactions. Users will be empowered to perform payments effortlessly via NFC-enabled devices, enhancing the convenience of digital transactions throughout the country.

This collaboration with Moniepoint is aligned with AfriGO’s mission to promote financial inclusivity while reducing dependency on foreign exchange for card transactions. The initiative offers businesses and consumers a secure, affordable payment solution that retains transaction data within Nigeria, ultimately nurturing local innovation and aiding small and medium-sized enterprises (SMEs).

The AfriGO card is tailored to assist merchants, agents, and consumers with features like instant settlement and improved cash flow management, all of which are intended to fortify the payment ecosystem and boost business growth across Nigeria.

Moniepoint’s goal to issue 5 million AfriGO cards emphasizes a mutual commitment to creating a more connected financial landscape. This partnership is crucial for providing banking services to underserved communities, thereby addressing Nigeria’s gap in financial access for purchasing, depositing, withdrawing, and transferring funds.

The alliance represents more than card distribution; it strives to establish a future where every Nigerian can engage in the digital economy, irrespective of their background. Through collaboration with Moniepoint, the initiative seeks to unlock new opportunities for individuals, businesses, and the broader financial sector.

As AfriGO and Moniepoint collaborate to define the evolution of payments in Nigeria, this partnership illustrates the effectiveness of local collaborations in fostering sustainable and technology-driven financial solutions. The future of payments is now realized, and it emphasizes a proud Nigerian identity.

The partnership between AfriGO and Moniepoint marks a pivotal advancement in Nigeria’s cashless payment ecosystem. By distributing 5 million contactless cards, the collaboration aims to enhance financial inclusion and empower underserved communities. Both organizations share a vision of creating accessible banking services while fostering local innovation and growth. Their combined efforts signal a meaningful transition toward a more inclusive digital economy in Nigeria.

Original Source: techafricanews.com