Abuja - The Nigerian National Identity Management Commission has announced the roll-out of 13 million MasterCard-branded National Identity Smart Cards.
These have payment capability.
The announcement of the pilot programme was made at the World Economic Forum in Cape Town, South Africa.
Speaking at the launch, President for MasterCard Middle East and Africa, Michael Miebach, said the development was the first phase of an unprecedented project in terms of scale and scope for Nigeria.
“MasterCard has been a firm supporter of the Central Bank of Nigeria’s Cashless Policy as we share a vision of a world beyond cash.
"From the program’s inception, we have provided the Federal Government of Nigeria with global insights and best practices on how electronic payments can enable economic growth and create a more financially inclusive economy," Miebach said.
This program is the largest roll-out of a formal electronic payment solution in the country and the broadest financial inclusion initiative of its kind on the African continent.
The National Identity Smart Card is the Card Scheme under the recently deployed National Identity Management System (NIMS) the initiative aims to counter incidents of fraud.
Issuing banks includes United Bank for Africa, Union Bank, Zenith, Skye Bank, Unity Bank, Stanbic, and First Bank.
- CAJ News