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Virtual payments are payments that are made online or over the telephone without exchanging cash or paying by check. These payments are made securely using the generated numbers. When payments are made virtually, hackers who steal the generated numbers will not be able to use them. The numbers will not work after they have been used by you to make the payment, and they won’t work to allow access to your accounts or to be traced back to your company. In this article, I will highlight some virtual cards available in Nigeria.
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Mintyn Virtual Dollar Card
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Chipper Cash
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Chipper Cash has two types of wallets/accounts – tier 1 and tier 2. Tier 1 wallet has many limitations but tier 2 allows you to access more features of the app. Chipper Cash says it offers 5% cash back on all purchases.
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ALAT Virtual Dollar Card
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Wallets Africa
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For travellers who don’t want a physical card to be seen when travelling, this digital wallet is 100% risk-free. All you need to provide is your email address at checkout, and your billing information will remain private as well. However, this comes with a price, as your card comes with a monthly $1 fee, a $0.75 fee on every foreign transaction, and a 2% fee to load it from an external account.
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Fundall Virtual Dollar Card
Got a suggestion? Contact us: editor@connectnigeria.com
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- Addressing the Critical Financial Challenges of Nigerian FinTechs
- How to Recruit Top Talents for Your FinTech Startup
- How Artificial Intelligence Can Help FinTech Startups Cut Costs
- What Type of FinTech Startup Do Nigerians Want?
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