Nigerian bank partners with Mastercard for prepaid

prelin —  March 14, 2013 — Leave a comment


As prepaid grows around the world; one of Africa’s biggest economies is no different. Nigeria’s Enterprise Bank customers can now use the “Enterprise Bank MasterCard Verve Prepaid Card” that is used locally and internationally.

The new card is a standard prepaid service with a chip and pin debit card that can be pre-funded with cash. The card can then be used to effect cashless payments (like a bank debit card) on the internet, point of sale (POS) terminals and withdraw cash from Automated Teller Machines (ATMs).

What does make the card particularly appealing to a market like Nigeria is that the card is available to customers and non customers of the bank. The card, which could be pre-funded in the naira or United States dollars, is ideal for students, corporate account owners (expense cards, estacode, and corporate travel) and travel cards holders among others.

For a country where there is a problem of carrying large sums of money around this is the perfect service. Welcome to the party Nigeria!


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