L-r: Managing Director, PalmPay, Chika Nwosu and Managing Director/CEO of Afrigopay Financial Services Limited (AFSL); Ebehijie Momoh at the formal launch of the PalmPay AfriGO card in Lagos.
PalmPay and AfriGO have joined forces in a strategic partnership aimed at transforming Nigeria’s payment landscape. As part of this collaboration, the two companies plan to issue over five million AfriGO cards, enhancing financial inclusion and strengthening the nation’s digital economy.
The AfriGO Card, developed by Afrigopay Financial Services Limited—a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS)—is a homegrown payment solution designed to enhance financial independence. By integrating AfriGO’s infrastructure, PalmPay is expanding payment options tailored to local market needs.
PalmPay’s commitment to issuing these cards highlights its focus on bridging financial gaps for the unbanked and underserved communities in Nigeria. Built on EMVCo security standards, the AfriGO card features tokenization and contactless payment capabilities, ensuring seamless and secure transactions within PalmPay’s digital ecosystem.
Chika Nwosu, Managing Director of PalmPay Nigeria, expressed excitement about the partnership, emphasizing its role in delivering secure and cost-effective financial solutions. Similarly, Ebehijie Momoh, CEO of Afrigopay Financial Services Limited, highlighted the collaboration’s impact in driving digital payments, particularly in underserved areas.
The AfriGO card will enable users to make secure transactions, including online and in-store purchases, ATM withdrawals, money transfers, and cashless payments at Agent POS terminals. Merchants will also benefit from instant settlement services, improving cash flow and reducing financial risks.
As PalmPay and AfriGO move forward with this initiative, they are setting the stage for fintech innovation and financial accessibility in Nigeria, reinforcing the country’s position at the forefront of digital payment solutions.
