Today’s generation do everything from ordering meals to scheduling doctor’s appointments on their mobile phones or online. To better meet their needs, Eyowo today unveiled its Digital First payment offering – the Better Card – which is certified by Mastercard.
As one of the pioneer partners in Nigeria to join Mastercard’s Digital First Card Program, Eyowo brings a best-in-class digital banking experience to its customers. This includes digital access to card information, unsurpassed payment security and access to a host of payment options (ecommerce, contactless and QR) from any digital device of their choice.
Powered by Providus Bank, the Better Card offers customers a seamless payment experience that eliminates the risk of card fraud by safely storing their payment credentials in the Eyowo X mobile app.
Eyowo customers can easily apply online and receive their Better Card – including the 16-digit card number and expiration date – digitally. Once activated, the digital cards can be used to make purchases online, in app and at the point of sale through digital wallet offerings.
Eyowo Launches Digital First Mastercard Amid Growing Demand For Digitally Driven Money Management Solutions
Customers will also receive an innovative physical card, which doesn’t contain sensitive information such as the card number and expiration date, providing ultimate protection for the theft of personal and financial information.
“We want to give our customers the freedom to spend without worrying about losing their hard-earned money by providing a card that keeps their money safe,” said the VP of Products for Eyowo, Ope Adeyemi. “To achieve this, we simply removed the card number and the expiry date on the physical card and made it accessible only via Eyowo X. We thought that this was the single most important improvement that had to be made to the debit card, which is widely known as a predominant channel for account-takeover fraud.”
Integrated into the Mastercard Digital First Program, the cards are part of Mastercard’s efforts to enhance the safety and security of online banking and contactless transactions by providing expert guidance to fintech and issuing banks to create end-to-end digital payment options at scale.
“Mastercard is committed to bringing 1 billion people into the digital economy by 2025 and ensuring safe and secure digital payments plays a big role in that. In a boundless digital environment, Mastercard has long understood that it is not enough to secure the payment transaction alone but that the safety net must widen to encompass every touch point along the journey. We weave that expertise into our Digital First program, ensuring the highest standards of innovation, quality, security, and privacy,” said Kari Tukur, Vice President, Product Management, Mastercard.