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Firms adopt Visa Digital Payment Card

By on February 10, 2015

Chams Mobile and Skye Bank Plc have signed an agreement to launch the Virtual Visa Card in Nigeria.
The card is an entirely digital payment card for online and mobile use.

A statement at the weekend explained that the Virtual Visa Card programs have had great success in Asia and Europe, adding that the new program would expand financial inclusion to millions of Nigerians.

The card would be available in March from ChamsMobile and Skye Bank.

Deputy Managing Director, ChamsMobile, Mr. Gavin Young was quoted to have expressed delight over the new virtual payment solution, which was developed with the company’s international joint venture partners Bancore and Global Technology Partners (GTP).

According to Young, with the product offering on mobile phones, millions of Nigerians would have access to payments and make purchases, along with a range of other services, by using a Visa card from their phone and other electronic devices, with the benefit of access to the global digital economy.

“E-commerce savvy users can shop securely online and those without a formal banking relationship will suddenly have the means to make their money work for them and move towards financial inclusion,” he said.
The Head, e-Channels, Skye Bank, Mr Akinwale Ojo explained that the bank chose to work with ChamsMobile, and its card processing partner GTP, based on careful consideration of the benefits all parties could bring to the table.

On his part, the Country Manager for Visa in West Africa, Ade Ashaye stated:  “Our strategy of bringing world class innovation to Africa continues to make shopping online and via traditional channels much more convenient.

“Visa’s Virtual Card will make a real change to the lives of Nigerians by helping them to safely access the digital economy and participate in ecommerce.”

 

[ThisDay]