Top 5 virtual dollar card apps in Nigeria by number of downloads
Despite the forex scarcity challenge that has seen some virtual dollar card providers suspend the service, a number of other providers have sustained the service while new ones are also coming up.
A virtual dollar card is a digital card denominated in US dollars that you can use on the internet. It’s super safe because it’s not a physical card.
You can put money on it and buy things online, just like you would with a regular credit or debit card. People often use it for buying stuff from other countries or to keep their online spending separate from their main bank account.
These service providers, through their apps, have rescued many Nigerians who would have been denied the ability to make international payments online as most traditional banks in Nigeria suspended the service on their naira debit cards last year.
These platforms are facilitating different kinds of international payments for Nigerians including paying for Facebook ads, buying on Amazon, Google, Spotify, etc.
While these virtual card providers also have their issues, especially when it comes to their exchange rates and the payment for the cards, there is no doubt they are helping many Nigerians cross the hurdle of international payments.
Surprisingly, checks by Nairametrics show that while there are currently many fintech apps in Nigeria marketing the issuance of virtual dollar cards as part of their services, some of them only have it as ‘coming soon’, and many potential customers would discover this after they might have downloaded the apps and even paid for the card.
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That notwithstanding, there are a number of apps currently providing the virtual dollar card service in Nigeria, and here are the top 5 going by the number of their download on the Google Play Store as of August 2023:
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Head, Internal Audit @ Origin-Tech | Audit and Assurance
1yNigerians do not deserve the stress of making payments in foreign currencies if the master cards and visa cards are enabled as obtainable in the past with at least a limit of $1000.00 per month. The push for buying Dollars in the black market will diminish