Nigeria: Unified Payment System Partners Mastercard

3 December 2012

The Unified Payment Services Limited (formerly ValuCard) said it is now a third-party processor to MasterCard. Unified Payment is owned by a consortium of 18 Nigerian banks.

With this initiative, a statement at the weekend explained that Unified Payment is now the first Nigerian e-payment service provider in Africa to be a third-party processor for the world's leading Card schemes; including MasterCard which has a combined global market share of over 65 per cent in transaction volume and value.

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