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MasterCard To Issue 13million Nigeria National Identity Cards
Nigeria News – The Nigerian National Identity Management Commission (NIMC) and MasterCard announced at the World Economic Forum on Africa the roll-out of 13 million MasterCard-branded National Identity Smart Cards with electronic payment capability as a pilot program.
The National Identity Smart Card is the Card Scheme under the recently deployed National Identity Management System (NIMS).
The NIMC will be issuing MasterCard-branded National Identity Smart Cards with electronic payment capability. This program is the largest roll-out of a formal electronic payment solution in the country and the broadest financial inclusion initiative of its kind on the African continent.
As part of the program, in its first phase, Nigerians 16 years and older, and all residents in the country for more than two years, will get the new multipurpose identity card which has 13 applications including MasterCardâ€™s prepaid payment technology that will provide cardholders with the safety and reliability of electronic payments.
The project will have Access Bank Plc as the pilot issuer bank for the cards and Unified Payment Services Limited (Unified Payments) as the payment processor. Other issuing banks will include United Bank for Africa, Union Bank, Zenith, Skye Bank, Unity Bank, Stanbic, and First Bank.
The announcement was witnessed by Dr. Ngozi Okonjo-Iweala, Minister of Finance and Coordinating Minister for the Economy in Nigeria, who stressed the importance of the National Identity Smart Card Scheme in moving Nigeria to an electronic platform.
Upon completion of the National ID registration process, NIMC aims to introduce more than 100 million cards to Nigeriaâ€™s 167 million citizens.-Dailytrust