BMONI, an AI-powered financial platform, has partnered with Mastercard to launch a new generation of virtual and physical payment cards in Nigeria. The collaboration aims to provide consumers with seamless local and cross-border transaction capabilities.
Instant Card Access
The solution, powered by Mastercard's global payment network, allows users to instantly create multiple Naira and US Dollar-denominated virtual and physical cards. These cards are globally accepted and ready for use within seconds, with all management handled within the BMONI app.
This initiative marks one of the first locally issued international card programs in Nigeria, enabled by new card issuance models from Mastercard to accelerate digital payments adoption among fintech companies.
Growing Demand
Nigeria's e-commerce market is projected to exceed $26 billion by 2030, driving demand for globally accepted, instantly issued digital payment solutions. BMONI's card offering, built on Mastercard's network, addresses this shift by enabling users to operate seamlessly across currencies and everyday spending.
Industry Leaders Speak
Dr. Folasade Femi-Lawal, country manager for West Africa at Mastercard, said: "Nigeria's digital economy is growing rapidly, and consumers need payment solutions that keep pace. Our collaboration with BMONI brings together Mastercard's trusted global network with an innovative platform to deliver real value."
Ashwin Ravichandran, Head of Product at BMONI, added: "At BMONI, our focus has always been simple: remove the friction between people and their money. This collaboration allows us to deliver global access and control that previously did not exist."
Enhanced Financial Control
The solution enables users to create multiple cards for different purposes, including everyday spending, subscriptions, travel, savings, cross-border payments, and remote work. This helps users better organize and track their financial activity in real time.
The BMONI Mastercard is available now. Users can download the BMONI app from the App Store or Google Play, complete identity verification, and start creating cards instantly.
About BMONI
BMONI is an AI-powered financial platform designed to simplify how individuals access, manage, and move money. The platform allows users to create and manage multiple Naira and US Dollar cards for everyday transactions, cross-border payments, and personalized financial control.
