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ValuCard goes global

ValuCard Nigeria Plc has transformed from being a local payment card scheme to a global payment card service provider.

A statement by the company on Saturday said that by the transformation, the company would no longer have or support any payment card, branded with its corporate name, logo or trademark.

The company would also no longer deploy signages at merchant locations that indicated usage or acceptance of cards issued under its name, logo or trademark, it said.

It said the company would now provide services in compliance with international best practices and standards; and would work with Visa International Services Association, a shareholder of the company to develop the Nigerian market.

According to the statement, ValuCard will provide services, which include merchant acquiring services, bill payment, distributorship, retail and collection solutions, non-resident investors’ payment solution, supply and personalisation of payment cards among others.—Punch

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