Carbon resumes issuance of debit cards in partnership with Verve
- Carbon has partnered with Verve to resume issuing debit cards after a nine-month pause.
- The startup previously issued Visa cards but ended that partnership due to high costs.
- Carbon's card issuance is essential for customer convenience and retention.
The strategic shift by Carbon to partner with Verve for debit card issuance is a pragmatic response to the evolving fintech landscape in Nigeria. This move not only enhances customer convenience but also positions Carbon competitively against traditional banks and other fintechs. However, it raises questions about the long-term sustainability of relying on local card solutions amidst global payment trends.
