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By Zika Bobby
Verve International, Africa’s domestic payment card brand and a subsidiary of Interswitch Group, hosted the 2026 edition of Verve Biz Unwind in Lagos, bringing together banks, fintechs, and merchants to align on the future of African digital commerce.
The event’s centerpiece was the official unveiling of Verve Tokenization, a security solution designed to enhance transaction integrity and accelerate digital adoption. By replacing sensitive card details with secure digital tokens, the solution enables financial institutions and merchants to offer safer, more resilient payment experiences.
Speaking at the event, Paul Ohakim, Vice President, Issuing & Acquiring (Africa) at Verve International, underscored the critical importance of ecosystem-wide collaboration in shaping the continent’s payments future.
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“As digital commerce accelerates, no single institution can shape the future of payments alone. Stronger collaboration between banks, fintechs, merchants, and processors is essential to delivering secure, seamless, and inclusive payment experiences across Africa,” he said.
He further emphasised that tokenization represents far more than a backend technology upgrade; it signals a structural transformation in how payments are secured, experienced, and monetized. By enabling interoperability across wallets, banking apps, e-commerce checkouts, and contactless infrastructure, Verve Tokenization ensures that a single Verve card can securely operate across multiple digital environments, creating a unified, frictionless experience for users while strengthening trust and resilience across the ecosystem.
With Africa’s youthful population accelerating digital adoption and showing a growing preference for wallet-based and contactless experiences, Verve Tokenization equips financial institutions with the robust infrastructure required to remain competitive in an increasingly fintech-driven ecosystem.
