Made-In-Nigeria Smart Cards To Extend Financial Services To the Poor

jfruh (300774) writes "A new factory producing smart cards opened in Lagos this week, promising to open up access to financial services to many poor Africans and other inhabitants of the Global South. The cards can be used by people without traditional bank accounts to access the worldwide credit card and smart phone infrastructure." From the article: Preliminary estimates indicate that there are currently about 150 million active SIM cards, 110 million biometric ID cards and 15 million credit and debit cards in Nigeria, [Nigerian president Goodluck] Jonathan said. As more financial-inclusion schemes, requiring more bank cards, are rolled out and different Nigerian states implement ID projects, the numbers of smart cards in use are expected to experience double-digit growth, he said.

Comments

It's about time!

[93 Escort Wagon]

Hopefully this will make it a lot easier for those Nigerian princes and military widows to transfer those millions of dollars to me. I keep giving them my bank account info, but I'm still waiting.