Africa Business News

Carbon, the Nigerian digital bank known for its loans-led approach to banking, has partnered with Verve, the Interswitch-owned card scheme, to resume issuing debit cards nine months after pausing card operations. Carbon operates without an agent network or physical branches, limiting channels for cash withdrawals and online shopping. The company says discontinuing cards further limited its channels and the resumption of card issuance shows that despite the rise of contactless payments and bank transfers, debit cards remain one of the most effective channels for customers to access their funds. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.