AfriGO and PalmPay have formed a strategic partnership to issue over 5 million AfriGO payment cards in Nigeria.
This collaboration aims to enhance financial inclusion, empower underserved communities, and strengthen Nigeria’s digital payment ecosystem.
AfriGO is Nigeria’s national domestic card scheme, launched by the Central Bank of Nigeria (CBN) in partnership with the Nigeria Inter-Bank Settlement System (NIBSS) to strengthen the country’s digital payment system.
Unlike foreign card schemes, AfriGO is designed to be more affordable and accessible, with transactions settled entirely in naira, eliminating foreign exchange risks and lowering costs for both banks and users, as all transaction processing happens within Nigeria.
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Chika Nwosu, Managing Director of PalmPay Nigeria stated that the partnership with AfriGO will provide secure, affordable, and locally tailored payment solutions to empower Nigerians and boost the digital economy.
“At PalmPay, we are committed to creating financial solutions that are not only innovative but also inclusive. Partnering with AfriGO allows us to deliver secure, cost-effective, and localized payment options that empower Nigerians and strengthen the digital economy. This is a milestone in our mission to redefine financial accessibility in Nigeria,” they said.
Also, Ebehijie Momoh, Managing Director/CEO of Afrigopay Financial Services Limited (AFSL), emphasized that the partnership with PalmPay will enhance digital payment access and support Nigeria’s growing digital economy.
“We are excited to partner with PalmPay to revolutionize financial services and expand access to digital payments across Nigeria. Through this collaboration, AfriGO and PalmPay will provide enhanced access to digital payments—particularly in underserved areas—drive financial inclusion, and support the rapidly growing digital economy in Nigeria,” he said.
