Yesterday's solution: A domestic card scheme in Nigeria?

The payment news article that caught our eye this month was the announcement that Nigeria – through its Central Bank, the National Interbank Settlement System and the Bankers Committee – intends to launch a domestic card scheme in 2023. Nigeria already has a private domestic card in Verve by Interswitch, which is partly owned by Visa Inc. Several others have been attempted by ValuCard, eTranzact and 3Line.