The UEMOA (GIM-UEMOA) and Verve International monetic interbank group announces the conclusion of a strategic partnership aimed at connecting their respective infrastructure. This agreement, focused on the operational interoperability of payment systems, marks a decisive step in the construction of an integrated, sovereign and inclusive regional financial space.
As soon as it is implemented, this partnership will allow carriers of verve cards-the first Nigerian domestic network-to access withdrawal services on all automatic counters connected to the GIM-UEMOA network, covering the eight member states of the Union. This deployment concretizes a shared ambition: extend the influence of their respective payment patterns across Africa, develop an open ecosystem by establishing bridges with all existing payment instruments and create the conditions for a Regional monetary fluiditybased on interconnected infrastructure to support the evolution of banking uses on the continent.
This important step is based on the solid implantation of verve in more than 21 countries in Africa and its continuous growth, consistent with its Pan -African expansion strategy. Thanks to partnerships with platforms like Google, Spotify, Netflix, Amazon Prime and Facebook, Verve allows its carriers (card holders) simple access to digital content and services, establishing a bridge between fintech, lifestyle and innovation.
Vincent Ogbunude, Managing Director of Verve International, said: ” At Verve, we believe in the collective potential of Africa and the power of partnerships to stimulate inclusive growth. Our collaboration with GIM-UEMOA is a big step towards regional integration, allowing cross-border payments, opening up new opportunities and bringing together our vision of a unified African economy. »
-Serges Adingni, Deputy Managing Director of GIM-UEMOAadded: “This strategic partnership strengthens the will of the GIM-EMOA to increase the field of action of its payment scheme outside the UEMOA zone and to expand its horizons in terms of acceptance. By allowing the acceptance of verve cards throughout the UEMOA region, we connect more than 230 million citizens to an extended African network, strengthening financial inclusion and supporting the vision of a unified African market.”
By unifying their systems, the two institutions demonstrate their ability to build African monetic architecture based on solid partnerships, rigorous governance and long -term vision. This partnership illustrates the rise of African payment solutions, built by and for the continent, and lays the foundations of a regional standard which will extend to other domestic and regional payment patterns.
The launching ceremony, held in Lagos, brought together institutional representatives, Nigeria banks leaders, as well as experts from the financial and technological sector to highlight the importance of this initiative for the future of the West African banking ecosystem.
