Uzoma Dozie, founder and chief of Sparkle said: “Our partnership with Visa will bring a wide range of benefits to Sparkle’s customers, individuals, entrepreneurs, and SMEs.
“We are excited to work with Visa as we strive to re-define e-commerce by removing barriers to business using technology and data. Working with a global partner like Visa allows us to deliver a bespoke and personalized service for our customers by tapping into large networks so they can fulfill their full potential.”
The digital bank claims that the new partnership will allow its customers greater freedom and flexibility in how they make payments. This means that Sparkle customers will be able to make in-app payments with an embedded Visa virtual card.
In addition, the digital bank‘s customers will also be able to make either eCom or mCom payments using their Visa virtual card with Visa-branded companion plastic cards attached to their Sparkle profile.
The partnership also means that Sparkle customers will benefit from a range of other digital payments initiatives from Visa, for example, by scanning the interoperable EMVCo Quick Response (QR) code or just entering an Alias such as phone number or merchant till number to pay for goods at merchant outlets.
Sparkle customers can receive cross-border remittances from family and friends who are Visa cardholders into their Sparkle Account.