Verve, Africa’s premier payment cards and digital tokens brand, has teamed with Sterling Bank, one of Nigeria’s most innovative banks, to create its first line of credit cards, as part of its commitment to provide smooth, creative payment solutions.
These naira-denominated cards, which come in two flavors: Ultra Bronze and Ultra Ruby, would give Nigerians flexible access to monies as well as a revolving line of credit.
Other card advantages include easy payback plans and contactless payment, a 45-day interest-free period, and the opportunity to use the cards in cities across the country and at various payment terminals and places. The cards are also valid for three years.
This collaboration marks another milestone in Verve’s journey as a payment brand dedicated on improving Africans’ lives one card at a time, extending financial inclusion, and facilitating credit access in collaboration with card issuers.
In commenting on the collaboration, Vincent Ogbunude, Managing Director, Interswitch Paytoken (Verve), stated that the relationship exemplified Verve’s determination to provide cardholders with a pleasant life.
Ogbunude added, “The credit system in Nigeria is a complex one, and what we seek to achieve with this partnership is to make good on our promise to deliver Verve’s signature good life experience by simplifying access to credit for consumers’ everyday purchases.
“We are thrilled to have collaborated with Sterling Bank on this journey, fueled by our aligned goals of forming strategic partnerships, like this one, to elevate the experience of the average Nigerian in their interactions with the macro financial economy by improving their purchasing power.
Speaking during the launch, the Chief Product Officer at Sterling, Mustapha Otaru said,
“The collaboration with Verve perfectly aligns with Sterling’s mission to create solutions that enhance the delivery of value to our esteemed customers. With Specta Ultra Card issued on Verve, we have simplified access to credit for customers with different income levels and spending needs. Thus, it reaffirms our commitment to delivering innovative financial solutions and access for everyone.”
Verve has demonstrated its commitment to increasing financial inclusion by collaborating with banks, financial institutions, and other payment service providers to give payment cards to Nigerians and Africans in general.
Verve cardholders have access to innovative products and solutions that promise ease and safety, with acceptance in over 185 countries worldwide and over 50 million tokens.
Verve, a pan-African consumer-centric payment system that provides payment solutions to individuals, issuers, and organizations, is devoted to pushing the boundaries of customer experience and payment options.