Technext Technext
  • Home
  • Stories
    • How to Buy Bitcoin Without ID Verification in Nigeria
      How to Buy Bitcoin Without ID Verification in Nigeria
      11 hours ago 0
      52
    • As Broadband Penetration Hits 45% in 2020, Could Nigeria Still Achieve 65% Target by 2024?
      As Broadband Penetration Hits 45% in 2020, Could Nigeria Still Achieve 65% Target by 2024?
      14 hours ago 0
      37
    • Cybersafe Foundation, UK Govt Help Vulnerable Groups, SMEs Upskill on Cybersecurity
      Cybersafe Foundation, UK Govt Help Vulnerable Groups, SMEs Upskill on Cybersecurity
      15 hours ago 0
      48
    • Kenyan Insurtech Pula Closes $6M Series A to Boost Profits for Small-scale Farmers Across Africa
      Kenyan Insurtech Pula Closes $6M Series A to Boost Profits for Small-scale Farmers Across Africa
      18 hours ago 0
      77
    • Tech Events this Week: StartupBlink Ecosystem Summit, 2021 Commodities Outlook and Others
      Tech Events this Week: StartupBlink Ecosystem Summit, 2021 Commodities Outlook and Others
      22 hours ago 0
      59
    • App Review: Sety Let’s You Know if there’s Danger Around and When the Coast is Clear
      App Review: Sety Let’s You Know if there’s Danger Around and When the Coast is Clear
      2 days ago 0
      57
    • Social Media Roundup: #InaugurationDay, NIMC and Other Stories that Trended
      Social Media Roundup: #InaugurationDay, NIMC and Other Stories that Trended
      3 days ago 0
      103
    • Global Tech Roundup: President Biden Reverses Nigeria’s Travel Ban
      Global Tech Roundup: President Biden Reverses Nigeria’s Travel Ban
      4 days ago 0
      121
    • Nigerians React as NRC Launches N900 million Railway e-Ticketing Platform
      Nigerians React as NRC Launches N900 million Railway e-Ticketing Platform
      4 days ago 0
      197
  • Features
    • Sell it or Repurpose it, Here are 5 Things You Could do With your Old Gadgets and Devices
      Sell it or Repurpose it, Here are 5 Things You Could do With your Old Gadgets and Devices
      5 days ago 0
      135
    • 5 Tips to Make Your Business More Popular on Social Media
      5 Tips to Make Your Business More Popular on Social Media
      2 weeks ago 0
      244
    • Analysts Forecast Bitcoin to Hit $100k in 2021, But is This Really a Good Time to Start Buying?
      Analysts Forecast Bitcoin to Hit $100k in 2021, But is This Really a Good Time to Start Buying?
      2 weeks ago 0
      409
    • Top 5 Most In-Demand Tech Jobs for 2021 — and Skills Required for them
      Top 5 Most In-Demand Tech Jobs for 2021 — and Skills Required for them
      3 weeks ago 0
      466
    • Financial Strategies for Surviving 2021 with Ayo Akinmade, Vice Chairman, Regus
      Financial Strategies for Surviving 2021 with Ayo Akinmade, Vice Chairman, Regus
      3 weeks ago 0
      432
    • ‘Expect Aggressive Expansion in 2021’- PlentyWaka’s Johnny Enagwolor on Surviving 2020 and What the Future Holds
      ‘Expect Aggressive Expansion in 2021’- PlentyWaka’s Johnny Enagwolor on Surviving 2020 and What the Future Holds
      4 weeks ago 0
      478
    • After a Poor 2020, Here are the Top Cinema Trends to Watch Out for in 2021
      After a Poor 2020, Here are the Top Cinema Trends to Watch Out for in 2021
      4 weeks ago 0
      427
  • Reviews
    • Tech Events this Week: StartupBlink Ecosystem Summit, 2021 Commodities Outlook and Others
      Tech Events this Week: StartupBlink Ecosystem Summit, 2021 Commodities Outlook and Others
      22 hours ago 0
      59
    • Global Tech Roundup: President Biden Reverses Nigeria’s Travel Ban
      Global Tech Roundup: President Biden Reverses Nigeria’s Travel Ban
      4 days ago 0
      121
    • Movie Review: ‘Outside the Wire’ is an Explosive Action Thriller Showing the Dangers of Sentient AI
      Movie Review: ‘Outside the Wire’ is an Explosive Action Thriller Showing the Dangers of Sentient AI
      5 days ago 0
      150
    • You Can’t Get Your NIN Slip Through the NIMC App but Here are 3 Things You Can Do With it
      You Can’t Get Your NIN Slip Through the NIMC App but Here are 3 Things You Can Do With it
      6 days ago 0
      218
    • Netflix Surpasses 200 Million Subscribers, Says It no Longer Needs External Financing
      Netflix Surpasses 200 Million Subscribers, Says It no Longer Needs External Financing
      6 days ago 0
      142
    • With Growing Interest in Forex Trading, Here are 5 Best Forex Brokers in Nairaland, Nigeria
      With Growing Interest in Forex Trading, Here are 5 Best Forex Brokers in Nairaland, Nigeria
      6 days ago 0
      168
    • Kenya Overtakes Nigeria as Africa’s Favorite Investment Destination
      Kenya Overtakes Nigeria as Africa’s Favorite Investment Destination
      7 days ago 0
      295
  • Women in Tech
  • Videos
  • Contact Us
Go to...

    Wallets Africa Partners VISA to Offer Customers Alternative Payments through Physical Cards

    Gbemileke Babatunde
    2 months ago
    Wallets Africa Partners VISA to Offer Customers Alternative Payments through Physical Cards

    Nigerian fintech startup, Wallets Africa has collaborated with global payments giant, Visa to offer customers physical Visa cards for local and international payments.

    The partnership has been forged through Wallets Africa’s participation in Visa’s Fintech Fast Track program.

    Wallets Africa CEO, John Oke stated that the company was delighted to welcome Visa as its latest partner to drive the expansion of its fintech solutions across Africa.

    We’ve been working with technology suppliers across the world since inception to help offer world-class financial services to Africans, we are very excited to have VISA onboard as we continue on our journey.

    John Oke, CEO Wallets Africa
    John Oke, CEO Wallets Africa

    Founded in 2018, Wallets Africa has enabled customers across Africa to transact via its app locally using personalised virtual debit cards and internationally using virtual dollar cards.

    Suggested read: Visa Partners Ghana’s Zeepay to Ease Diaspora Payments Through Direct Money Transfer

    Operational in Nigeria, the Lagos-based fintech provides users with a platform for money transfers as well as airtime and data top-up. Users can make online payments for subscription on streaming services such as Netflix and check out with cards during e-shopping on Amazon, Jumia, among others.

    Also, customers in Nigeria are able to send money to mobile money accounts in Ghana and Kenya.

    Wallet Nation Update #3: Wallet Dollar Cards | by Wallets Africa | Medium

    Formerly known as Wallet.ng, the fintech startup has so far raised $150,000 seed capital from Y-Combinator and undisclosed funding from Microtraction and angel investors.

    Physical VISA Cards for Wallets Africa Customers

    Wallets Africa’s partnership with Visa will facilitate the issuing of physical Visa-powered personalised (NGN) debit cards and dollar cards to cater to a greater number of users across Africa. According to Wallets Africa, over 4,000 businesses are using the fintech’s payments solution for businesses.

    Wallets Africa to issue physical Visa cards

    Wallets Business which allows small businesses to quickly open current accounts and easily undertake payroll management and bulk payouts has played a part in the startup amassing over 4,000 users across Africa. The fintech believes that the Visa deal will facilitate a wider reach to customers who want to make offline payments using physical debit cards.

    Although the company had been providing users with virtual Visa debit cards before now, Wallets Africa Digital Marketing Manager, Franklin Ugobude stated that physical cards are a more direct payments solution for customers.

    Before now, we were already issuing virtual cards with our card technology and physical Visa cards needed to come into play because of our customers. This new partnership is more direct so we’re very psyched about it.

    Franklin Ugobude, Wallets Africa Digital Marketing Manager

    While Wallets Africa users can still transact online using virtual cards, the physical cards present customers with a reliable alternative for offline transactions.

    Visa’s collaboration with the Nigerian fintech company is another addition to its rapidly growing list of Africa fintech partnerships. The American multinational financial services company recently partnered Ghana’s Zeepay to ease diaspora payments through direct money transfer.

    Between 2018 and 2020, Visa has led investments of over $400 million in African fintech startups including Interswitch, MFS Africa, Flutterwave and Paystack.

    Paystack Expands into South Africa, Launches Pilot Phase of its Payments Solution

    Speaking on partnering with Wallets Africa, Visa’s Vice President of Innovation and Strategic Partnerships, Otto Williams said:

    “The Wallets Africa team has made tremendous progress in a short period of time. I am impressed with the fact that they’ve successfully enabled Visa prepaid cards that work everywhere to thousands of digital natives and entrepreneurs in Nigeria. I look forward to seeing what they’ll do in other African countries soon.”

    Wallets Africa will be looking to leverage its latest partnership to widen its scope and scale beyond Nigeria, Kenya and Ghana into other African countries.


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


    SUBSCRIBE

    Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


    Comments

    Share :
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • Linkedin
    • Email

    Gbemileke Babatunde

    Mechanical Engineer; Telling Africa-focused tech stories on startups, policy and governance.

    African Cross-Border Fintech Startup, Chipper Cash Raises $30m in Series B
    Next article
    African Cross-Border Fintech Startup, Chipper Cash Raises $30m in Series B
    Nigeria
    Previous article
    Nigeria’s Fastest-growing Agritech Company, Farmcenta Unveils CentavestNG, a New Investment Platform

    Related Posts

    • Stories 11 hours ago

      How to Buy Bitcoin Without ID Verification in Nigeria

      How to Buy Bitcoin Without ID Verification in Nigeria
      Stories 14 hours ago

      As Broadband Penetration Hits 45% in 2020, Could Nigeria Still Achieve 65% Target by 2024?

      As Broadband Penetration Hits 45% in 2020, Could Nigeria Still Achieve 65% Target by 2024?
      Stories 15 hours ago

      Cybersafe Foundation, UK Govt Help Vulnerable Groups, SMEs Upskill on Cybersecurity

      Cybersafe Foundation, UK Govt Help Vulnerable Groups, SMEs Upskill on Cybersecurity
    • Stories 18 hours ago

      Kenyan Insurtech Pula Closes $6M Series A to Boost Profits for Small-scale Farmers Across Africa

      Kenyan Insurtech Pula Closes $6M Series A to Boost Profits for Small-scale Farmers Across Africa
      Reviews, Stories 22 hours ago

      Tech Events this Week: StartupBlink Ecosystem Summit, 2021 Commodities Outlook and Others

      Tech Events this Week: StartupBlink Ecosystem Summit, 2021 Commodities Outlook and Others
      Stories 2 days ago

      App Review: Sety Let's You Know if there's Danger Around and When the Coast is Clear

      App Review: Sety Let’s You Know if there’s Danger Around and When the Coast is Clear

    Bitcoin Recent Prices

    Brandest

    Sign up for Newsletters

    Popular News

    • Teleology Sets Ambitious Agenda for 9Mobile’s Growth
      Teleology Sets Ambitious Agenda for 9Mobile's Growth
      March 26, 2018 0
    • African Fintech Unconference to Hold in September, Offers Opportunities for New Partnerships
      African Fintech Unconference to Hold in September, Offers Opportunities for New Partnerships
      August 17, 2018 0
    • After Over 1 Year of Internet Blackout, Chad’s President Idriss Finally Lifts Internet Ban
      After Over 1 Year of Internet Blackout, Chad's President Idriss Finally Lifts Internet Ban
      July 15, 2019 0
    • Real Estate Investment Company, Landwey Launches Nigeria’s First Prop-Tech Lab
      Real Estate Investment Company, Landwey Launches Nigeria's First Prop-Tech Lab
      November 29, 2019 0
    • Ghanaian Fintech OZÉ Raises $700k Seed Capital to Fuel Expansion into Nigeria
      Ghanaian Fintech OZÉ Raises $700k Seed Capital to Fuel Expansion into Nigeria
      2 weeks ago 0

    Follow Us

    Latest Tweets

    • technextdotng New post: How to Buy Bitcoin Without ID Verification in Nigeria https://t.co/EyGiNYKhQi
      about 10 hours ago
    • technextdotng Broadband penetration in Nigeria reached 45.07% in November 2020, with 208 million active telephony subscriptions w… https://t.co/NCetIatr82
      about 10 hours ago
    • technextdotng A leading NGO in the information security ecosystem in Nigeria, @cybersafenig & @FCDOGovUK, have hit the set target… https://t.co/gKaQUGuidJ
      about 12 hours ago
    • technextdotng New post: As Broadband Penetration Hits 45% in 2020, Could Nigeria Still Achieve 65% Target by 2024? https://t.co/VtIlAlmrsX
      about 13 hours ago

    Instagram

    technextdotng

    Technext.ng is the go-to site for news, reviews and insightful analysis in the Nigerian tech space.
    http://ow.ly/ayTM30mSlGS

    With the realization of one’s own potential and With the realization of one’s own potential and self-confidence in one’s ability, one can build a better world.
#TechNext #MondayMotivation
    72.8% of our voters opt to give out their old devi 72.8% of our voters opt to give out their old devices or go with the flow of things.

What do you do?
#Smartphone #gadget #Polls
    Top App Downloads in Africa (2020) 1. Egypt - 2.3 Top App Downloads in Africa (2020)
1. Egypt - 2.3 billion
2. S/Africa - 680 million
3. Nigeria - 640 million

Read more at technext.ng
#Payments #Africa #Fintech #Finance #Innovation #Technology #Nigeria #SouthAfrica #Egypt #Consumer #Kenya #Report #Gaming #Gamers
    Highest In-app Spending in Africa (2020) 1. S/Afri Highest In-app Spending in Africa (2020)
1. S/Africa - $210 million
2. Egypt - $120 million
3. Nigeria - $60 million

Read more at technext.ng
#Payments #Africa #Fintech #Finance #Innovation #Technology #Nigeria #SouthAfrica #Egypt #Consumer #Kenya #MobileApp #App
    According to our latest poll results, the ride hai According to our latest poll results, the ride hailing battle in Nigeria is still between Uber and Bolt, with both clinching 77.8% of the votes.

#RideHailing #Nigeria #Polls
    Happy birthday to the in-house "techie", @Tommy_bl Happy birthday to the in-house "techie", @Tommy_blanc.
Best wishes from all of us at Technext. @te

#WeAreTechnext #HappyBirthday
    Load More... Follow on Instagram

    Random News

    • PiggyVest Inches Closer to Being a Bank, Introduces Account Numbers for its Users
      PiggyVest Inches Closer to Being a Bank, Introduces Account Numbers for its Users
      July 30, 2019 0

      PiggyVest (formerly PiggyBank), the prominent Nigerian savings platform has released yet another feature for its users. Now, the platform gives ...

      Read More
    Copyright 2020 technext.ng | Privacy Policy | Media Policy