Afrigopay introduces instant credit for POS transactions

As mentioned by officials, since the launch of NIBSS Instant Payment in 2011, the company has been working on introducing optimised solutions to the market and advancing the overall industry. Also, the AfriGO card scheme focuses on offering several benefits, including increased transaction security, data sovereignty, and improved pricing opportunities in local currency. The scheme was developed to assist  businesses and customers and allow them to gain access to solutions customised to their local needs. AfriGO supports financial inclusion and economic growth by delivering cost-effective payment options and minimising reliance on foreign exchange, therefore fostering the development of local skills and opening prospects within the card business ecosystem.

Moreover, the announcement supports Afrigopay’s commitment to advancing and scaling the card payment landscape while improving the financial experiences of businesses and consumers across Nigeria and Africa. Additionally, the instant settlement process for real-time POS transactions contributes to a broader strategy to provide value-added and optimised services and ensure the payment system in Nigeria maintains its position in the African payment sector.

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