ADVERTISEMENT

Mobile money operator teams up with Skye bank to launch first Visa virtual card in Nigeria

One of the ways in which the card is unique is that cardholders get a full card image (the Virtual Card) on their mobile device, PC, or tablet.

The Virtual Visa Card is the first of its kind in Nigeria

According to several media reports, a licensed mobile money operator, ChamsMobileLimited and Skye Bank Plc, have launched the first Virtual Visa Card in Nigeria. The Virtual Visa Card is a completely digital payment card for both online and mobile use, locally and internationally.

One of the ways in which the card is unique is that cardholders get a full card image (the Virtual Card) on their mobile device, PC, or tablet, with a plastic card offered as an option if customers prefer.

Both companies expect the new payment system to expand financial inclusion to millions of Nigerians by offering a low cost mobile banking solution, with the card bieing issued free and linked to a broad range of financial services.

ADVERTISEMENT

The new Visa Virtual Card is available under the Kegow brand, Kegow being the program and card brand of ChamsMobile.

Mr. Gavin Young, deputy managing director ChamsMobile, expressed excitement over the venture which has brought the two companies together.

“It’s unique in that customers actually see an image of their card on their mobile phones, tablets and PCs, whereby all the essential features of a physical card are shown in its ‘Virtual form’; card number, expiry date and CVV number, for example. This, for many customers, negates the need for a physical plastic card, although we offer plastic cards as an option for customers requiring such.”

“E-commerce savvy users can shop securely online by loading funds from a bank account or any other financial card. For those without a formal banking relationship, they will suddenly have the means to make their money work for them and move towards financial inclusion,” he said.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Kaduna Gov grants scholarship to 137 rescued schoolchildren, son of late teacher

Kaduna Gov grants scholarship to 137 rescued schoolchildren, son of late teacher

Siamese twin gets married while still conjoined with her sister

Siamese twin gets married while still conjoined with her sister

LP BoT kicks out Abure despite convention victory, takes over party affairs

LP BoT kicks out Abure despite convention victory, takes over party affairs

6 Labour Party lawmakers defect to PDP in Enugu State

6 Labour Party lawmakers defect to PDP in Enugu State

Tinubu's special assistant donates food items to 1,700 residents in FCT

Tinubu's special assistant donates food items to 1,700 residents in FCT

Anambra PASAN begins strike over Soludo's failure to grant financial autonomy

Anambra PASAN begins strike over Soludo's failure to grant financial autonomy

Governor Sanwo-Olu pays ₦4.48 billion to 1,455 retirees in accrued pensions

Governor Sanwo-Olu pays ₦4.48 billion to 1,455 retirees in accrued pensions

Court discharges ex-AGF Adoke, 6 others in Malabu oil scam case

Court discharges ex-AGF Adoke, 6 others in Malabu oil scam case

Nigerians are expected to pay for TV licences — here’s what the law says

Nigerians are expected to pay for TV licences — here’s what the law says

Pulse Sports

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

Michelle Alozie: I had to do it because of African referees

Michelle Alozie: I had to do it because of African referees

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

ADVERTISEMENT
ADVERTISEMENT