Afrigo

Afrigo: How the New Domestic Card by the CBN will drive SME growth

ByTechTrends

The Central Bank of Nigeria (CBN), in conjunction with the Nigeria Inter-Bank Settlement System Plc (NIBSS), recently introduced the card scheme known as AFRIGO. In order to enable cardholders to use their payment cards to make purchases and access cash at businesses around the world, payment networks and financial institutions form a system known as a card scheme. The…

central bank card

Central Bank of Nigeria Launches AfriGo to Replace VISA and Mastercard

ByTechTrends

Nigeria’s central bank today carried out its plan to introduce the AfriGo national domestic card program. The program, which was first unveiled at a Bankers’ Committee news conference in October 2022, involves the central bank in the market’s triopoly of card payment programs for Nigeria. Godwin Emefiele, the governor of the Central Bank of Nigeria,…