Verve plans phone tap-to-pay and AI agent payments, CEO says.
Verve, Nigeria’s largest card scheme, plans to let customers pay by tapping their phones and, eventually, to let AI assistants make payments on their behalf, its chief executive, Vincent Ogbunude, said on Thursday.
Speaking on the Big Tech and Enterprise Stage at Moonshot by TechCabal on 29 October, Ogbunude described the plans as the next step in removing friction from payments.
“The greatest cost in payments is friction,” he said.
Every extra step, from typing an account number to retrying a failed transfer, adds cost, he argued. The plans build on a push Verve began last year. TechCabal reported in December that Verve had passed 100 million cards and was moving into contactless payments and tokenisation, which replaces card details with a one-time code. Verve now has 130 million cards, Ogbunude said.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with TechCabal.
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