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.
Bitmama Joins the Wave of Fintechs Halting Card Services Amidst Industry Challenges
Bitmama pauses partnership with MasterCard virtual card provider. Rise announced discontinuation of virtual card services in September.
Debit Cards, Once A No-Brainer For Africa’s Hottest Fintechs, Turn Nightmare
Rise announces discontinuation of virtual card services by September 30, 2024. Carbon pulls the plug on its debit card operations earlier this year.
Carbon's debit card suspension questions viability of card business for fintech startups
Nigerian fintech Carbon suspended its debit card service. Fintechs struggle with the cost of card operations and the lack of revenue opportunities.
Nigerian fintech Carbon discontinues debit card service nearly 3 years after launch
Carbon shuts down its debit card service in Nigeria after two years. Co-founder and CEO, Ngozi Pascal Dozie, questions the strategy of neobanks pushing for card operations.
