NAIROBI, Kenya- In a significant move aimed at fortifying the security of virtual cards in Africa and the Middle East, Onafriq, the continent’s largest payment gateway, has inked a transformative agreement with American firm VGS.
This strategic collaboration is poised to revolutionize the fintech landscape in these regions, ushering in a new era of enhanced security and superior financial services for customers.
Leading the Security Forte with advanced Technology
Under the terms of the agreement, Onafriq and its extensive network of fintech partners will benefit from advanced security measures provided by VGS.
This collaboration is set to elevate the standard of security for virtual cards, ensuring robust protection against emerging threats and vulnerabilities in the digital realm.
Empowering Fintech Innovation
By integrating VGS’s state-of-the-art technology, Onafriq aims to empower its fintech clientele to operate with guaranteed security and efficiency.
“At Onafriq, we are dedicated to driving innovation and excellence in fintech across Africa and the Middle East. Through our partnership with VGS, we are poised to deliver cutting-edge solutions that not only enhance security but also enable greater convenience and flexibility for our partners and their customers,” commented Rajat Mishra, Chief Operations Officer at Onafriq.
A Paradigm Shift in Card Security
The collaboration between Onafriq and VGS marks a significant milestone in the evolution of virtual card security.
By securely collecting and storing Primary Account Number (PAN) data and providing users with comprehensive card details upon request, the partnership ensures a seamless and secure payment experience while minimizing compliance burdens for fintech providers.
As the fintech landscape continues to grow, initiatives like the Onafriq-VGS partnership are poised to redefine the future of financial services in Africa and the Middle East.
The industry is set to experience unprecedented growth and transformation through innovative solutions and strategic collaborations.
