L-R Managing Director, Moniepoint MFB, Babatunde Olofin; Chief Operating Officer, AfriGOPay Financial Services, Ugo Obasi; MD/CEO, AfriGOPay Financial Services, Ebehijie Momoh and Co-Founder and Group CEO, Moniepoint Inc, Tosin Eniolorunda during a courtesy visit to AfriGo in Lagos.
Through this collaboration, Moniepoint will leverage its extensive network and advanced infrastructure to introduce an innovative payment system, enabling users to make transactions by tapping or hovering their contactless cards or NFC-enabled devices over a payment terminal or compatible mobile phone. This initiative is expected to increase convenience, security, and efficiency in digital transactions across Nigeria.
As a key player in the financial technology space, Moniepoint is committed to driving financial inclusion and expanding the reach of digital payments. The company has pledged to distribute five million AfriGO cards, ensuring broader access to secure and seamless payment options for small and medium-sized enterprises (SMEs) and individuals nationwide.
AfriGO aims to strengthen Nigeria’s payment landscape by providing a homegrown alternative to international payment cards. By reducing reliance on foreign exchange (FX) for transactions and prioritizing data security, AfriGO will empower local businesses and contribute to the country’s economic growth.
Speaking on the partnership, Tosin Eniolorunda, CEO of Moniepoint Inc, emphasized the collaboration’s impact on financial inclusion and digital transformation.
“Our partnership with AfriGO is a step towards making digital payments more accessible, secure, and efficient for every Nigerian. The Moniepoint/AfriGO card is more than a payment tool—it’s a financial empowerment instrument that will bring more people into the formal banking system,” he said. “By working together, we are providing Nigerians with a cost-effective payment solution that ensures instant transaction settlement and promotes economic inclusion.”
Eniolorunda also highlighted the broader advantages of contactless payments, noting that this initiative would unlock new opportunities for businesses, individuals, and the financial sector at large.
Echoing similar sentiments, Mrs. Ebehijie Momoh, Managing Director & CEO of Afrigopay Financial Services Ltd. (AFSL), described the partnership as a major step forward in transforming financial service delivery, particularly in underserved regions.
“This collaboration will redefine how financial services are accessed by leveraging AfriGO’s cutting-edge payment solutions,” she said. “With AfriGO Cards, merchants and agents will experience seamless transactions, instant settlement, and better cash flow management. Our robust technology ensures smooth and secure operations, enhancing accessibility and promoting financial inclusion.”
Momoh further emphasized that Moniepoint’s widespread agent network would play a crucial role in expanding AfriGO’s reach, enabling businesses and individuals to conduct essential banking services, such as withdrawals, deposits, purchases, and money transfers, with ease.
By providing a secure and locally-driven alternative to international payment cards, the Moniepoint-AfriGO partnership is set to reshape Nigeria’s digital payment landscape. This collaboration demonstrates the industry’s commitment to financial innovation and inclusion, paving the way for a more digitally empowered and connected economy.
