AfriGO Promotes Financial Inclusion at NAMB Meeting

Afrigopay Financial Services Limited, operators of Nigeria’s sovereign national payment card scheme, called for increased collaboration and innovation in the microfinance sector during the 16th Annual General Meeting of the National Association of Microfinance Banks (NAMB) held in Abuja. The meeting, themed “Beyond 20 Years: Engineering Sustainable Microfinance for the Next Generation,” gathered microfinance bank operators, regulators, and payment ecosystem players to discuss strategies for a sustainable and inclusive microfinance industry.

Ugo Obasi, Chief Commercial Officer and Executive Director at Afrigopay, articulated that the AfriGO card was designed to promote financial inclusion by providing underserved and unbanked Nigerians with a secure entry into the formal payment ecosystem. He presented a compelling business case for microfinance banks to adopt the national card scheme, highlighting significant operational and transaction cost savings compared to alternative card systems.

Dr. Adenrele Oni, National President of NAMB, acknowledged AfriGO’s commitment to strengthening the microfinance sector, stressing the importance of institutional collaboration around secure payment rails for sustainable growth.