FINTECH

How to Get a Virtual Dollar Card in Nigeria

Published

2 years ago

How to Get a Virtual Dollar Card in Nigeria

The need for a virtual dollar card that integrates seamlessly with many international payment systems has never been more crucial. With many Nigerian banks canceling or limiting their cards for international payments, a virtual dollar card is the only solution for someone who frequently shops on international platforms or makes many payments or subscriptions for international services.

Are you a blogger, businessman, or someone who performs many international transactions from Nigeria? A virtual dollar card is the quick and lasting solution you seek.

This article discusses what a virtual dollar card is, the requirements for getting one, and the steps to get one in Nigeria. You’ll also learn some essential tips to help you choose a virtual dollar card suitable for your transaction needs.

What is a Virtual Dollar Card?

A virtual dollar card is a digital payment card that allows you to make online purchases and transactions in dollars instead of naira. This card enables you to make payments on foreign websites, apps, or online platforms that accept card payments. A virtual dollar card allows you to settle purchases in several other foreign currencies despite being denominated in dollars.

The virtual dollar card offers you everything you can get from a physical debit card, except that you can’t use it to make physical transactions. It’s usually prepaid, meaning you’d have to fund it with the required transaction amount each time you want to use it.

Financial institutions and payment service providers offer virtual dollar cards. However, you’d have to meet the minimum requirements before accessing one.

Requirements for Obtaining a Virtual Dollar Card in Nigeria

There are no specific general requirements for obtaining a virtual dollar card in Nigeria. The requirements may vary according to the service provider or financial institution offering the card. However, here are the most common requirements:

KYC Documentation

This is a standard procedure most financial institutions use to verify the identity of their customers. You’ll be required to provide information that validates your identity, such as a national ID card, driver’s license, international passport, etc. You’ll also provide documents that show your residential address, such as your bank statement, utility bill, or any other document required by the card service provider.

Online Registration

You must also register for your virtual dollar card through the provider’s website or mobile app. This may also involve providing your personal information and backing it up with valid documents.

Application Fee

Some virtual dollar card providers will require you to pay a one-time card issuance fee or an annual card maintenance fee. Ensure that you understand the fee structure before applying.

Steps to Get a Virtual Dollar Card in Nigeria

Here are the steps to get a virtual dollar card in Nigeria:

1. Research and Choose a Reliable Virtual Dollar Card Provider

The first step to getting a virtual dollar card in Nigeria is researching and choosing a reliable provider.

Many Nigerian financial institutions and payment service providers offer virtual card services to account holders and non-account holders. Before getting a virtual dollar card from a bank or fintech, inquire about their services and reputation.

Regarding their services, ensure you compare their features, fees, and support services before settling on one. In your research, ask questions about everything they promised to offer. Are they always reliable, or do they fail when needed most? How vital are their customer support services? Does their card have global acceptance? Check public reviews of their services and make inquiries on social media to know what complaints are prevalent among their customers.

2. Download the Mobile App

Once you’ve decided on the best virtual dollar card that suits your preferences, visit Google Play, the App Store, or their website to download their application.

3. Register for a Virtual Dollar Card

After downloading the app, the next step is to sign up for an account. You’ll be required to provide personal information and complete a verification process. Depending on the card service provider, the verification process might involve submitting your national ID card, international passport, or any other national means of identification. You might also be required to submit documents proving your residential address and other vital information.

4. Fund Your Dollar Card Account

Once your information has been verified, the next step is to fund your dollar card account. Most service providers require you to fund your account before your card request is approved and your card details are available. You can fund your account by bank transfer or using your debit card.

5. Start Using Your Card

Your virtual dollar card details will be available after you’ve funded your account and the required fee is debited. Now you can use your card for all online purchases, subscriptions, or payments on websites that accept virtual dollar cards.

Tips for Choosing a Virtual Dollar Card Provider

Here are some essential things to consider before choosing a virtual dollar card provider:

Reputation and Trustworthiness

The card provider’s reputation should be your top priority when choosing a virtual dollar card. To know this, check out customer reviews and feedback online and ask questions to get firsthand information from those who have used their services.

Fees

This is one of the most critical things to consider when choosing a virtual dollar card provider. You must consider their pricing structure and its transparency. Consider their card issuance charges, maintenance fees, transaction fees, currency conversion rates, and other applicable fees.

You must compare the costs with other providers to be sure you’re not paying way more than is obtainable elsewhere.

Customer Support and Accessibility

The accessibility of customer support is vital when making international transactions. You must ensure that your virtual dollar card provider is available to respond to your questions if you encounter issues at any time.

The best card service providers have multiple support channels, like email, live chat, and phone support, and are available around the clock.

Card Features and Limits

The card’s features and limits are other essential considerations before settling on a virtual dollar card provider. Ensure you consider factors like ease of use, compatibility with other platforms, availability of mobile apps, and currency support. Also, ensure that the card limits and restrictions align with your usage requirements and that you can quickly reload, freeze, or cancel the card if needed.

Security and Fraud Protection Measures

The rise of digital scams is a concern you shouldn’t take lightly as someone who transacts digitally. You must ensure the virtual dollar card provider you choose has robust encryption systems to protect your financial information from scammers. Furthermore, you must be sure that your virtual dollar card provider follows industry-standard security practices.

Conclusion

With the restrictions and limitations of Nigerian debit cards when making international transactions, a virtual dollar card is a goldmine. Now that you know the process of getting one, I hope you stop at nothing to get a virtual dollar card that makes all your personal and business international transactions smooth.

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BANKING

Network International appointed as Payment Processing Partner by MTN Group Fintech

Published

2 weeks ago

Christopher

Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Network International appointed as Payment Processing Partner by MTN Group Fintech

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration. Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy, and its business development plans across the continent.”

Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent.” Read More (https://apo-opa.co/43aKuII)

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.

Distributed by APO Group on behalf of Network International.

About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN’s extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance.

About Network International:
Network International is the Middle East and Africa’s largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.

BANKING

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Published

2 weeks ago

Christopher

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD, is thrilled to announce the launch of eNsc, a Nigerian Naira-referenced stablecoin pegged 1:1 to the Nigerian Naira. Built on the high-speed Lisk 2.0 Blockchain, eNsc combines monetary stability with blockchain innovation, allowing global investors to securely access tokenized high-yield opportunities like Nigerian Treasury Bills while adhering to regulatory standards.

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Bridging Stability and Innovation

eNsc merges monetary stability with blockchain efficiency, operating within Nigeria’s robust regulatory framework led by the Securities and Exchange Commission (SEC) Nigeria. The SEC has prioritized creating a safe, transparent environment for blockchain innovation, exemplified by its Virtual Assets Regulatory Framework. These guidelines ensure market integrity, investor protection, and alignment with global standards—principles at the core of Prosperavest ESG’s operations.

“Our vision is to bring the Naira on-chain and democratize access to low-risk, high-return opportunities while upholding rigorous regulatory compliance. eNsc is more than a stablecoin—it’s a gateway to financial inclusion, blending the trust of traditional finance with the agility of blockchain.”— RaheemAnikulapo Ibrahim, CEO, Prosperavest ESG LTD

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Key Features of eNsc

1:1 Naira Peg: Backed by reserves held in regulated institutions, eNsc ensures stability and direct convertibility with the Nigerian Naira.
Lisk 2.0 Blockchain: Fast transactions, low fees, and interoperability with decentralized applications (dApps) ensure seamless integration into digital ecosystems.
Compliance Assurance: Built with robust AML protocols, transparent reserve audits, and adherence to Nigerian Securities and Exchange Commission’s (SEC) regulations.
Exclusive Cashback Rewards: For a limited time, users who convert a minimum of $50 via the eNsc Converter at app.prosperavest.com will receive cashback rewards, rewarding early adopters of this groundbreaking stablecoin.

Unlocking Global Investment Opportunities

By tokenizing Nigerian Treasury Bills, eNsc removes geographic and financial barriers, enabling fractional ownership and instant cross-border settlements. This innovation aligns with Nigeria’s growing prominence in Africa’s digital economy, offering investors exposure to stable, yield-generating assets.

A Commitment to Safe, Transparent Finance

SEC Nigeria: Championing Safe Innovation

The SEC has been instrumental in fostering a safe, transparent, and innovation-friendly regulatory environment for blockchain and virtual assets, implementing robust frameworks such as the Virtual Assets Regulatory Framework. Their proactive approach ensures investor protection, market integrity, and alignment with global best practices—a commitment Prosperavest ESG proudly upholds.

“Our compliance and cooperation with regulators is non-negotiable,” added RaheemAnikulapo Ibrahim. “Trust is the cornerstone of financial innovation every aspect of eNsc—from its technical infrastructure to reserve management—is designed to exceed SEC standards, fostering trust in Nigeria’s digital future

Join the Future of Asset Tokenization

eNsc is now live on the Lisk 2.0 Blockchain. Institutions, developers, and investors are invited to:

Explore eNsc at https://prosperavest.com .

Participate in the cashback reward program by converting a minimum of $50 on the eNsc Converter: app.prosperavest.com.

Disclaimer

This announcement is for informational purposes only and not financial or legal advice. Digital asset investments carry risks, including volatility and potential loss. Investors are responsible for their decisions. ProsperaVest ESG Ltd remains committed to SEC compliance and will provide updates on approval status.

Bitcoin

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

Published

3 weeks ago

Christopher

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX, a globally recognized online CFD trading service provider, has been honored with the prestigious “Best Trading Technology Provider” award at the 2025 BrokersView Award for Brokers with Outstanding Assessment. This recognition solidifies IUX’s standing as a leader in the online CFD trading industry, highlighting its dedication to innovation, user-centric design, and cutting-edge technology—exemplified through its groundbreaking Next-Gen Trade initiative.

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

About the BrokersView Awards

The BrokersView Awards are among the most respected in the trading industry, recognizing brokers that demonstrate outstanding performance, transparency, and technological innovation. The Best Trading Technology Provider award is presented to brokers that go beyond industry standards to offer exceptional trading platforms with advanced features, robust execution speeds, and user-friendly interfaces.

IUX’s win reflects its relentless commitment to providing traders with superior trading tools and an optimized platform, setting a benchmark for excellence in the CFD trading sector.

“We are deeply honored to receive this recognition from BrokersView,” said an IUX spokesperson. “This award highlights the hard work and dedication of our team in creating a platform that empowers traders globally. We will continue to drive innovation and deliver exceptional value to our users.”

Next-Gen Trade: Powering IUX’s Award-Winning Technology

A significant factor in IUX’s recent success has been the launch of Next-Gen Trade, a comprehensive initiative aimed at redefining the trading experience. This customer-focused project delivers cutting-edge technology and empowers traders with tools designed for speed, stability, and precision.

Core Features of Next-Gen Trade:

Ultra-Fast Execution: Trades executed in as fast as 30 milliseconds, giving traders an edge in volatile markets.
Consistent Spreads: Advanced spread management technology ensures stable spreads, even during major market events.
Customer-Oriented Features: Tools and resources tailored to help traders navigate complex markets with ease.

Next-Gen Trade exemplifies IUX’s commitment to enhancing the trading experience, directly contributing to the platform’s recognition as Best Trading Technology Provider.

Looking Ahead

The Best Trading Technology Provider 2025 award represents a significant milestone for IUX but is just one step in the company’s journey. IUX remains committed to continuous innovation, focusing on enhancing the trading experience for its global user base through further advancements in initiatives like Next-Gen Trade.

Discover More

Learn about IUX’s advanced trading solutions: Visit IUX

About IUX

IUX, operated by IUX Markets Limited, is a leading online CFD trading broker —IUX is committed to providing a secure, transparent, and user-focused trading experience to traders worldwide.

Disclaimer

Trading CFDs involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks involved before trading.