Mastercard and BMONI have unveiled a new card solution aimed at simplifying cross-border and everyday payments for users in Nigeria, as the country’s digital payments ecosystem continues to expand and consumers increasingly seek seamless access to global transactions.
The collaboration introduces a new generation of virtual and physical payment cards that will allow Nigerian consumers to carry out local and international transactions more seamlessly through the BMONI platform.
Powered by Mastercard’s global payment network, the solution enables users to instantly create multiple Naira and US dollar-denominated cards that can be used globally. The cards, which are available in both virtual and physical formats, can reportedly be issued within seconds and fully managed through the BMONI mobile application.
The development also marks one of the first locally issued international card programmes in Nigeria under Mastercard’s newly introduced card issuance framework targeted at accelerating digital payments adoption among fintech firms in the country.
The move comes at a time when Nigeria’s e-commerce sector is witnessing rapid growth. Industry projections estimate that the country’s e-commerce market could surpass $26 billion by 2030, driving demand for payment solutions that support instant issuance, global acceptance, and multi-currency functionality.
Speaking on the partnership, Folasade Femi-Lawal, country manager for West Africa at Mastercard, said the collaboration reflects the need for payment solutions that align with the pace of Nigeria’s growing digital economy.
According to her, consumers increasingly require financial tools that provide flexibility, speed, and seamless access across borders.
She noted that the partnership combines Mastercard’s global payment infrastructure with BMONI’s digital platform to deliver instant card access and multi-currency transaction capabilities for users.
Also commenting on the initiative, Ashwin Ravichandran said BMONI’s focus remains centred on removing barriers that limit how consumers access and manage their money.
He explained that the partnership with Mastercard would allow users to gain greater global access while giving them more control over their financial activities.
Beyond facilitating payments, the solution is also designed to improve personal financial management by allowing users to create multiple cards for specific purposes such as subscriptions, travel, savings, remote work payments, cross-border transactions, and daily spending.
The companies said the feature is expected to help users better organise and monitor their financial activities in real time while responding to rising consumer demand for convenience, speed, and broader global acceptance in digital financial services.
