Dubai, December 2021 – TOPPAN FutureCard, a TOPPAN Company, and UAE-based global end-to-end card solutions provider, has received the Verve Card certification by the leading financial technology and payment scheme in Africa, Verve International.
Billions of payment transactions take place on a yearly basis through various international and local payment schemes. The EMV payment scheme, Verve, is a Pan-African card brand, owned by Interswitch Group, and accepted so far in 21 African countries. As the only African member of the global technical body EMVCo, Verve has continued to improve financial inclusion across borders, making payments much more seamless and efficient.
“We are pleased to contribute to a landmark milestone in the evolution of payment systems across Africa”, says Jean-Pierre Ting, Managing Director of TOPPAN FutureCard, who added, “being the first company in the GCC, and the fourth globally outside of Africa, to be certified by Verve allows TOPPAN FutureCard to support various African banks and financial institutions with advanced smart card products and solutions, tailored to the African market.”
Also commenting on this development, the Managing Director, Paytoken (Verve), Vincent Ogbunude said “As Africa’s largest domestic card scheme, Verve is pleased to welcome TOPPAN FutureCard to our network of partners. This collaboration will deepen opportunities and partnerships that increase availability of Verve’s physical and digital tokens, and further expand our international footprint.”
TOPPAN FutureCard responds to the evolving and expanding demand of the African market by certifying with Verve. This will boost the company’s presence in Africa and attract further African banks and financial institutions looking for seamless and efficient payment solutions in Africa.
About Verve International
Verve International is a Pan-African EMV payment scheme, and member of the Interswitch Group, Africa’s leading integrated payment processing and transaction switching company. As the biggest and fastest growing Pan-African payment scheme, Verve has over 50 million payment tokens accepted in 21 African countries, and is issued across 13 countries, thanks to its Africa-tailored solutions.
For more information, visit www.verveinternational.com or contact info@verveinternational.com
About TOPPAN Gravity
As a global solutions provider primarily focused on the payment and Identity industries, TOPPAN Gravity Ltd. aims at developing the next generation of virtual and physical security documents.
With the vision of becoming the forerunner in the secure ID and payment industry, the company focuses on driving synergies within the TOPPAN Group, through strategic acquisitions. TOPPAN Gravity empowers promising companies having state-of-the-art technology or businesses in emerging markets, including Asia, Africa, and Latin America to enhance their overall performance. Furthermore, the company enables its acquisitions to take advantage of the opportunities presented by its large, diversified group having numerous resources and extensive know-how.
For more information, visit www.toppangravity.com or contact info@toppangravity.com.
About TOPPAN FutureCard
FutureCard Ind. L.L.C., a TOPPAN Gravity company, is a UAE based global provider of end-to-end card solutions with the focus on payment, ID, transport, telecom, loyalty, and retail. Since 2003 FutureCard is designing, manufacturing and customizing high quality and cutting-edge smartcard technologies and solutions. From January 2022, TOPPAN FutureCard will be integrated within TOPPAN Gravity.
For more information, visit www.toppangravity.com or contact info@toppangravity.com
