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ChamsMobile, Skye Bank to launch virtual Visa card in Nigeria

ChamsMobile in collaboration with Skye Bank Plc has entered into agreement to launch a Virtual Visa Card in Nigeria an entirely digital payment card for online and mobile use. In a statement, Deputy Managing Director, ChamsMobile, Mr. Gavin Young, expressed excitement in partnering with Skye Bank on the new virtual payment

Mobile Money

solution, developed with the company’s international joint venture partners Bancore and Global Technology Partners (GTP).

Young explained that with the virtual visa card offering on mobile phones, millions of Nigerians will have access to payments and make purchases, along with a range of other services, by using a Visa card from their phone and other electronic devices, with the benefit of access to the global digital economy.

“E-commerce savvy users can shop securely online and those without a formal banking relationship will suddenly have the means to make their money work for them and move towards financial inclusion,” he said.

Head, E-Channels, Skye Bank Plc, Mr Akinwale Ojo, added: “the bank chose to work with ChamsMobile, and its card processing partner GTP, based on careful consideration of the benefits all parties could bring to the table and in consideration of how the bank could best serve the millions of Nigerians with this product and particularly those who may be financially excluded, requiring a low cost yet fully inclusive financial services offering.”


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