President Goodluck Jonathan on August 28 launched the new national e-ID card at the Presidential Villa, Abuja.
The new e-ID card, which is powered by MasterCard is designed to also be used to transact and receive payments. So it’s two in one, ID card and ATM.
The first phase of the project will see 13million Nigerians issued the card while the next phase will target 100million Nigerians. The project is a partnership with MasterCard, the Nigerian National Identity Management Commission and Access bank.
The e-ID card forms a key component of the Nigerian Identity Management System, deployed by the National Identity Management System, NIMC as part of its mandate to create, maintain and operate the country’s first central National Identity Database and provide proof of identity to Nigerians 16 years and older.
Using the card as a payment tool, Nigerians can deposit funds, receive social benefits, save, or engage in many other financial transactions that are facilitated by electronic payments with the extra security assurance that biometric verification provides.
They can also pay for goods and services and withdraw cash at millions of merchants and ATMS that accept MasterCard payment cards in Nigeria and in more than 210 countries and territories globally. The card also has the added safety and security benefits offered by the EMV Chip and Pin standard.
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