ProvidusUnity Bank has enabled eligible prospects to make use of their Mastercard playing cards on Google Pay, increasing fee choices by means of suitable cellular gadgets. The improvement builds on the Bank’s early funding in tokenisation and its focus on safe, handy digital funds.
The journey started in 2021, when ProvidusBank collaborated with Mastercard and Thales to introduce Mastercard Digital Enablement Service (MDES) tokenisation capabilities in Nigeria. In 2022, the Bank superior this basis by means of a Tap-to-Pay initiative with Mastercard, Interswitch and Thales. Google Pay represents an additional step in that evolution.
Eligible ProvidusUnity Bank Mastercard holders can add their playing cards to Google Pay and use suitable gadgets at supported contactless terminals and taking part on-line retailers, topic to system, market and service provider availability.
Tokenisation replaces delicate card particulars with a novel digital token, serving to cut back publicity of underlying card info. On supported platforms, it may additionally simplify checkout by permitting prospects to pay by means of digital wallets with out repeatedly getting into full card particulars.
Speaking on the event, Deoye Ojuroye, Executive Director/CFO, ProvidusUnity Bank, mentioned the brand new addition displays the Bank’s sustained funding in fee infrastructure.
“Building resilient payment infrastructure is central to supporting customers and businesses. Our investment in tokenisation reflects a long-term view of digital finance, prioritising secure transactions, operational resilience and capabilities that can scale as payment behaviours change. Building on the foundation established in 2021 strengthens our digital strategy,” Ojuroye mentioned.
Also talking, Elliott Sangoleye, Divisional Head, Digital Banking, ProvidusUnity Bank, mentioned the potential brings digital funds nearer to prospects’ on a regular basis experiences.
“Customers increasingly expect payments to fit naturally into their digital lives. Enabling eligible Mastercard holders to use Google Pay adds convenience across supported online and contactless transactions, while tokenisation helps reduce exposure of sensitive card details. It is another step towards making digital banking more intuitive and responsive to customer needs,” Sangoleye mentioned.
The Bank’s service provider fee gateway additionally helps tokenisation, offering a basis for supported digital pockets funds as related integrations grow to be obtainable. Its contactless-enabled point-of-sale (POS) terminals additionally help eligible bodily playing cards, suitable cellular wallets and payment-enabled wearables.
On his half, Lanre Ogundare, Group Head, Cards Business, ProvidusUnity Bank, mentioned the milestone displays the Bank’s dedication to anticipating market wants and translating know-how into sensible worth.
“Our tokenisation journey began in 2021, when we recognised that digital wallets, mobile payments and payment-enabled devices would become increasingly important. We invested early in the infrastructure and partnerships required to support this evolution. Enabling our Mastercard cards on Google Pay builds on that foundation, giving eligible customers greater flexibility while reinforcing our focus on secure, convenient transactions,” Ogundare mentioned.
“Innovation is not simply about adopting technology; it is about making it work meaningfully for customers and businesses. We are connecting capabilities across the payments ecosystem so individuals can benefit from convenient payment options and merchants can respond to changing digital commerce expectations. Our goal is a connected payments experience anchored in security, convenience and continuous innovation,” he added.
ProvidusUnity Bank continues to develop an built-in funds ecosystem designed to satisfy evolving buyer expectations, help companies and advance safe digital funds.
