Home News & events Press Releases 2008 ValuCard Nigeria Plc completes certification in Visa Money Transfer program


Valu-CardValuCard Nigeria Plc, a leading Processor and Acquirer, Principal Member of Visa and client of Compass Plus has successfully completed certification in Visa Money Transfer program with Verfied by Visa technology for the added security of the online transfers. Using this service any Visa cardholder in any part of the world can transfer money from his Visa card to another card issued in Nigeria, using a specialist website provided by ValuCard. This project is one of the first Multi-Issuer Internet-based Visa Money Transfer services to be launched in the world, and is expected to attract Visa cardholders, who are now using other channels to send money to Nigeria. Compass Plus has provided their TranzWare e-Commerce product suite to power up ValuCard’s Verified by Visa (issuing and acquiring) program with Visa Money Transfer, Dynamic Currency Conversion and other related services, along with the services for integration and launching of the overall service.

ValuCard Nigeria Plc is a leading payment processor and acquirer owned by Visa and a consortium of leading Nigerian banks. ValuCard is also a Principal Member of Visa and the Joint Acquirer for Visa card transactions in Nigeria. The Company is a long standing partner of Compass Plus in the country that uses TranzWare products to drive their own business as well as distributes and supports them across other institutions.

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