Saturday, February 14, 2026
31.4 C
Lagos

Verve Expands to UAE, Activates 1st Transaction in Dubai

Verve, a leading payments technology and card business in Africa, held a first transaction event in Dubai, United Arab Emirates. Verve Global cardholders can now use their cards on Discover Global Network to transact in more than 185 countries and territories, including Dubai, United Arab Emirates.

The first transaction event took place at Emperor Retail outlet, City Walk by Meraas Al Safa Str. Dubai. Senior executive members of Verve International were joined at the event by key partners including Jerry Fosker, a senior Executive from Discover Global Network, Shamsudeen Fashola; Group Head Retail Banking FCMB, Margaret Okhoya; Product Manager Card Services FCMB, Lanre Oladimeji; Group Head Retail Banking Zenith Bank, Nneka Onwuegbuche; Product Manager, Card Services Zenith Bank, among others.

L-R: Mitchell Elegbe, GMD / Founder, Interswitch Group; Nneka Onwuegbuche, Product Manager, Card Services, Zenith Bank Plc; Shamsudeen Fashola, Group Head, Retail Banking, FCMB; Lanre Oladimeji, Group Head, Retail Banking, Zenith Bank Plc; Margaret Okhoya, Product Manager, Card Services, FCMB and Mike Ogbalu III, CEO, Verve International during the Verve Global Card launch and First Transaction at Emperor Retail Outlet in Dubai, UAE recently.

Speaking at the launch in Dubai, Mitchell Elegbe, Interswitch Group Managing Director expressed his excitement, stating that the decision to bring Verve Global to Dubai was a strategic one: “Dubai is an important destination of choice for business and leisure as well as being a popular destination for Nigerians.”

The transaction in Dubai comes following the successful launch of Verve Global in New York in August this year and marks Verve International’s first entrance into the UAE region.

Elegbe continued: “As we approach the Dubai Expo 2020, we believe this is the right time to expand into a region with a rapidly evolving payments market. The launch in Dubai will provide an efficient way for new and existing Verve Global cardholders to transact whenever they visit the region.”

Expressing his gratitude to stakeholders and partners present, Mike Ogbalu III, Chief Executive Officer, Verve International, reiterated the mission and vision of Verve, stating its core objective of making seamless payment solutions available to Nigerians and Africans in every part of the world.

“We are very delighted that a domestic card scheme of African origin can be used to make payments across the world. We express our gratitude to all our partners, particularly Zenith Bank and First City Monument Bank, who have joined us today. One of the biggest assets of Verve International is our partners (both those who are here in Dubai and all others). Thank you for joining us on this epic journey to plant our footprints all over the world. We are very confident that you will remain with us as we continue to take bold steps”, he said.

spot_img
spot_img
spot_img

Hot this week

Nigeria Secures Permanent Seat on the Board of African Central Bank

During the just-concluded 39th Session of the Executive Council...

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Index-Based Livestock Insurance Consortium Disburses ₦181.9m in Claims Payouts to Livestock Herders

A consortium of insurance companies led by Leadway Assurance...

SanlamAllianz General Insurance Appoints Jacqueline Agweh as MD/CEO

 SanlamAllianz General Insurance has announced the appointment of Mrs....

BudgIT Claims 92 Fraudulent Projects Out of 2,760 in 2024/2025 Tracka Report

Tracka, BudgIT’s service delivery promotion platform, which allows citizens...

Topics

Fidelity Bank Affirms Industry Leadership with Publication of ISSB-Compliant Sustainability Report

In demonstration of its leadership in the Sustainability space,...

Moghalu, Ex-CBN Chief to Address Swiss Business Leaders

Former Deputy Governor of the Central Bank of Nigeria,...

Ecobank Supports Women Entrepreneurs, Partners WOWe Festival

In line with its corporate disposition to sustainable women empowerment, Ecobank Nigeria is partnering Women’s Entrepreneurship Day (WED) on the hosting of the 2015 Women of West Africa Entrepreneurship (WOWe) Festival. The WOWe Festival 2015 with the theme ‘Vision to Reality’ slated for June 25 and 26, will provide the opportunity for female entrepreneurs and corporate professional women with entrepreneurial ambitions, to secure practical information on how to transform their businesses and realise their entrepreneurial ambitions.

ATCON to FG: Step Down Communications Services Tax Bill

Mr. Olusola Teniola, President, Association of Telecommunications Companies of...

Kayode Kolade, 51, Wins Inaugural Heirs Insurance Retirement Dream Competition

L–R: Patrick Okorie, Regional Head, South, Heirs General Insurance;...

Fintech Firm Plans to Transform Digital Banking in Nigeria via UBA

Digital banking platform provider, Layer has announced it is...

‘Cost of Finance Too Expensive in Africa’

“I would say the biggest challenge companies face is the cost of finance. Funds are very expensive in Africa,” says Jonty Levin, a Partner at financial advisory and structuring specialist, Alkebulan. There are two main reasons why the cost of finance generally remains high across the continent, according to Levin. One is the perceived risk associated with investing in African companies, and another is the shallow financial markets, where limited supply is rationed through higher costs.
spot_img

Related Articles

Popular Categories

spot_imgspot_img