United Bank for Africa Plc has introduced Afrigo, a new domestic card scheme in Nigeria. Launched in collaboration with the Central Bank of Nigeria and the Nigeria Inter-Bank Settlement System, Afrigo aims to provide an alternative to international card schemes by offering a platform for naira-denominated transactions.
This initiative is designed to enhance financial accessibility and convenience for Nigerian customers, aligning with the broader push for local financial solutions. The Afrigo Card allows users to carry out transactions within the country, potentially reducing dependency on international financial systems.
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