EMP expands payment solution to financial institutions in Nigeria
Emerging Markets Payments (EMP) has announced the expansion of its agreement with First City Monument Bank (FCMB) Limited to other institutions.
Since 2010, EMP has been providing FCMB cutting-edge processing services; from this year, the agreement includes issuing services as well. Under this agreement, EMP commenced issuance of Nairadebit cards for FCMB as well as continuing to provide processing services.
“Over the years, EMP has been able to support partner banks to achieve their business strategy by providing solutions that render cardholders a seamless, convenient and secure payment experience,” said Murat Ozulku, CEO, EMP Africa. “We believe that expanding FCMB’s card offerings with EMP will provide cardholders with more tools that best cater to their needs, encouraging them to take advantage of the various benefits of electronic payments,” he said.
The debit cards can be applied for at any of the FCMB branches across Nigeria. FCMB naira debit cards can be used to complete transactions through all PoS terminals and ATMs that accept debitcards in over 210 countries and with over 30 million merchants across the world.
With EMP handling the issuing and processing on behalf of FCMB, the bank’s clients enjoy being a part of an efficient, reliable network that processes more than six transactions a second and acquires billions of dollars’ worth of transactions a year. To ensure optimum security of transactions, EMP conducts its processing services through Verified by Visa and Secure Code, and provides 24/7 technical support. EMP also adheres to a very high standard when it comes to client services, as the company is a leader in EMV Chip cards, with many of their strengths and successes coming in that area of business. Moreover, EMP provides processing services for all the major card schemes including Visa, MasterCard, American Express and Union Pay.
“EMP’s position as an industry leader is undeniable,” said Nath Ude, Executive Director of FCMB. “As a premier financial services group, FCMB partners with the best of the best for the benefit of our customers. I’m pleased to say that EMP is most certainly among the best in the business. We’re looking forward to our next phase of growth together.”
Today, EMP is not only the leading payment processing company in Nigeria, with a market share of almost 100 percent in the credit card sector as well as prepaid and debit cards, but is also a regional leader with a significant presence across Africa and the Middle East.
The company currently provides its services and solutions to 130 banks and more than 30,000 retail outlets across 45 countries in the region.
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