More payment methods

Verve

Enabling Secure and Versatile Payment Solutions in Nigeria

Verve is a prominent payment solution in Nigeria that provides users with a comprehensive range of electronic payment options. Developed by Interswitch, Verve offers a variety of payment methods, including debit cards, prepaid cards, and digital wallets, to facilitate secure and convenient transactions.

Documentation
% of coverage
  • Country

    Nigeria

  • Population

    228 million

  • Number of Internet users:

    103 million (estimated)

  • Popular Payment methods

    Bank Transfers, Debit Cards, Credit Cards, Cash Payments, E-Wallets​

% of coverage
  • Credit Card

    17%

  • Debit Card

    20%

  • E-Wallets

    10%

  • Cash Payments

    16%

  • Bank Transfers

    29%

  • Other

    8%

Payment Method Overview
  • Type:Payment Solution (Debit Cards, Prepaid Cards, Digital Wallets)
  • Currency:Nigerian Naira (NGN)
  • % of coverage:> 60% of card transactions in Nigeria (estimated)
  • Money transfers to date: > 500 million (estimated)
  • Total customers: > 35 million active cards (estimated)
  • Refunds: Yes, (limited)
  • Chargebacks:Yes, (limited)

About payment system

Verve offers users a versatile suite of payment solutions to meet a variety of needs. Verve debit cards, prepaid cards, and digital wallets are widely accepted across Nigeria, allowing users to make payments both online and at brick-and-mortar establishments.

In addition to facilitating core payment functions, Verve empowers users to perform various transactions, including bill payments, online shopping, and ATM withdrawals. The platform’s multifaceted approach positions Verve as an integrated solution for both personal and business financial needs.

Verve’s significance lies in its role in promoting electronic payments and financial digitization in Nigeria. By providing users with secure and convenient payment methods, Verve contributes to reducing reliance on cash transactions and enhancing overall financial efficiency.

The platform’s commitment to security, user experience, and innovation is evident in its secure authentication methods, encryption protocols, and seamless integration with merchants and financial institutions. As Verve continues to evolve and expand its services, it plays a crucial role in shaping Nigeria’s payment landscape, offering users enhanced convenience, financial empowerment, and seamless access to a variety of payment methods.

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Payment flow

The customer selects Visa as their payment option and enters their credit card details to complete the payment.

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Pricing

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