Verve International receives first francophone partner in its network


Africa’s payment technology company, Verve International, has welcomed its first francophone e-commerce and merchant aggregator, CinetPay into the Verve ecosystem.

CinetPay, the Ivorian-based FinTech, provides online and Point-of-Sale (POS) payment solutions for merchants to process payments from more than 40 different operators in West and Central Africa.

The Chief Executive Officer, Verve International, Vincent Ogbunude, said this in a statement on Monday in Lagos.

Ogbunude said the partnership was expected to further establish the Verve footprint across the region and support merchants to accept Verve cards from customers of issuing banks in 13 African countries.

“We are pleased to welcome CinetPay to the Verve network, the next in a series of strategic African FinTech partners we are welcoming into our network.

“As the leading pan-African payment scheme, our focus remains to rapidly expand and deepen our network by partnering with FinTech companies, switches, processors, banks, merchant aggregators and regulators.

“CinetPay is one of such partners and we look forward to deepening our impact through this mutually beneficial partnership,” he said.

Also, Idriss Monthe, CEO and Co-founder of CinetPay, said the partnership with Verve International would broaden the payment collection choices for Fintech merchants.

“This partnership brings us closer to our ambition, which is to offer the best online payment experience in Africa through simple, fast and secure transactions.’’

“The partnership was birthed following months of a collaborative effort by the CinetPay team, Verve’s joint partner bank in the West African Monetary and Economic Union (UEMOA), and various teams in Verve International and Interswitch Group,” he said. (NAN)

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