Leading Indigenous payment solutions company, Interswitch Nigeria on Friday marked 10 years of deploring Verve cards as trusted payment solutions in Nigeria, Africa and across the globe.
Speaking during the anniversary ceremony in Lagos, Group GMD/Founder, Interswich Nigeria, Mitchell Elegbe said the survival of the brand was as a result of hard work, resilience, learning, unlearning and relentless improvement.
“I am overwhelmed with joy today that you can join us to celebrate our card scheme: Verve. This journey started 10 years ago. It has been 10 years of hard work, resilience, learning, unlearning & relentless improvement. Indeed, it has been a most exciting journey.
“Looking back, we cannot but say that it has been an amazing period colored with different experiences, stories and emotions,” he said.
Elegbe said the card scheme has grown from just an idea to solve the payment inefficiencies in Nigeria, into a bouquet of innovative payment solutions for Nigerians, Africans and rest of the world.
“The Verve Classic card is accepted in Nigeria and 21 African countries while the Verve Global card is now accepted in 185 countries including U.S, U.K & Dubai.
“It is said that nothing good comes easy. This is the testimony of the Verve brand. Verve has had its fair share of turbulent times; these have helped the brand to earn its stripes and come this far. Verve card scheme started out as a small branch of the Interswitch family, over-time has grown into an independent company of its own with several product offerings in its portfolio.
“Behind this growth has been our people. They have remained resilient in the face of all the challenges, odds and seasons of doubt. They have trudged on, ensuring that objectives set are met, projects are delivered, relationship with partners are well nurtured and ultimately customers are satisfied. Today, the solutions and products Verve has brought to the marketplace so far demonstrate what can happen to any endeavor when met with the right people, opportunities and environment,” he said.
Managing Director/CEO, Verve International, Mike Agbalu III said: “At the time Verve was introduced, Nigeria was dominated by International card schemes. There was the need to have a domestic card scheme with better understanding of the needs of the Nigerian populace and Africans at large.
“Verve was created to cater to the need of Nigerians and offer real value to the Nigerian market. As a domestic card of African origin, with a better understanding of the African Market, we have delivered this promise in 8 issuing African countries, & 21 African countries where our card is our card scheme is also accepted in 21 African countries filled that vacuum, we have enabled seamless transactions across the African continent.”
He said Africans cannot afford to be left behind, not just as users, but more importantly as innovators and enablers with the general knowledge that the global financial technology ecosystem is accelerating at a rapid pace.
“At Verve, our topmost priority as a Nigerian Pan-African and multinational financial technology and payment card scheme, is to empower our people, drive financial inclusion and economic prosperity across the continent. This is why we are building an African enterprise of global scale that the rest of world would be willing to embrace,” Agbalu stated.
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