AfriGO and Moniepoint Unite to Drive Nigeria’s Cashless Economy

AfriGO partners with Moniepoint to distribute five million contactless cards, promoting financial inclusion and supporting Nigeria’s transition to a cashless economy. The collaboration focuses on enabling instant and secure transactions through a robust agent network, emphasizing local innovation and economic participation for all Nigerians.

AfriGO has formed a strategic partnership with Moniepoint to enhance Nigeria’s transition to a cashless economy. The initiative aims to distribute five million AfriGO cards equipped with contactless, tap-to-pay technology, thereby promoting financial inclusion across the nation. This collaboration represents a significant advancement in digital payment adoption in Nigeria.

Leveraging Moniepoint’s extensive agent network, this partnership will facilitate secure and instantaneous transactions for users who can simply tap their AfriGO card or NFC-enabled devices at payment terminals. The collaboration aligns with AfriGO’s commitment to improve financial inclusivity and decrease reliance on foreign exchange for card transactions, ensuring security of transaction data within Nigeria.

The AfriGO card boasts features like instant settlement, enhanced cash flow management, and reduced operational risks, benefitting merchants, agents, and consumers alike. This not only fortifies the payment ecosystem but also fosters business growth and financial inclusivity throughout Nigeria.

With the deployment of five million AfriGO cards, the partnership aims to connect underserved and unbanked communities to essential banking services. This initiative will facilitate purchases, deposits, withdrawals, and money transfers, aiding in bridging the financial access gap in the country.

The collaboration symbolizes a commitment to fostering a digital economy where all Nigerians, regardless of locality or background, can participate fully. As AfriGO and Moniepoint work together, they pave the way for a technologically driven financial future, reflecting the strength of local partnerships in advancing Nigeria’s payment landscape.

In conclusion, the partnership between AfriGO and Moniepoint marks a pivotal movement towards achieving a cashless economy in Nigeria. By distributing five million contactless cards, they are enhancing financial inclusion and enabling seamless payment transactions. This initiative not only strengthens the local payment ecosystem but also serves as a catalyst for bridging the financial access gap among underserved communities, affirming the transformative potential of local collaborations in the financial sector.

Original Source: techafricanews.com