Verve International, a leading payment card brand, has solidified its dominance in the Nigerian market, announcing it has issued over 70 million cards in Nigeria. This milestone, which represents 60 percent of the card market, was revealed during a partnership announcement with PalmPay, a major player in Nigeria’s digital payment sector.
Vincent Ogbunude, Managing Director of Verve International, who highlighted the achievement during the brief event, emphasized the company’s commitment to driving innovation and expanding financial access across Africa. “We are proud to share that Verve today has issued over 70 million cards in the country. And we’re not slowing down,” Ogbunude stated.
According to him, the partnership with PalmPay aims to further enhance payment experiences for millions of Nigerians. “This partnership will bring greater access to secure, seamless, user-friendly, intuitive payment options,” Ogbunude explained, adding that with Verve serving as PalmPay’s official payment card, millions of users can now enjoy even simpler financial experiences.”
The partnership with Palmpay introduces a fully contactless Verve card, allowing for convenient tap-to-pay transactions. This innovation reflects Verve’s dedication to meeting the evolving payment needs of its customers.
The event also featured Jacky Xia, CEO of PalmPay, and other key stakeholders, underscoring the significance of the partnership. Ogbunude expressed gratitude for PalmPay’s trust and collaboration, highlighting the shared vision of empowering people through innovative payment solutions.
Verve’s strategic alliances and continuous expansion of its product offerings are key drivers of its success. The company is actively exploring new markets across Africa, aiming to extend its reach and impact.
“The future of payments in Africa is bright, and it’s only together that we can lead,” Ogbunude concluded, thanking customers and stakeholders for their continued support.