Verve Partners LASSRA to Create Smart LagID
Africa’s leading payment cards and digital tokens brand, Verve, has announced its partnership with the Lagos State Government on the relaunch the Lagos State Residents Registration Agency (LASRRA) card.
The relaunch event was held on July 20, 2022 at the Police College, Ikeja, Lagos with relevant stakeholders from government agencies and private sector players present to discuss the significance of the card's evolution and its possibilities for residents of Lagos State.
This relaunch initiative serves to transform the lives of Lagos residents through technology, as the smart card will avail residents with the dual functions of an identity card and a payment card, leveraging the robust infrastructure of Africa's largest domestic card scheme, Verve.
Holders of the new LASSRA smart card, also called LagID, will be able to access an array of benefits that come with being a Verve cardholder, as well as the ability to participate in reward promotions, receive social benefits and contributions, and use the card across a host of payment channels such as the Automated Teller Machine (ATM), Point of Sale (PoS) terminals, offline and online payment agents, among others.
Speaking on the partnership, the Chief Executive Officer (CEO), Verve International, Vincent Ogbunude, noted that the card, a first of its kind in the country, will provide its holders a life of convenience, enabling residents to make transactions anywhere and at any time, while also enjoying the dual benefit of verifying their identities.
Ogbunude said, "It is exciting to be in partnership with the Lagos State Residents Registration Agency (LASRRA). This partnership stems from the alignment of our vision to create a transformative society using technology.
"With the LagID, Lagosians will be holders of a card that not only serves as a means of identification but also a payment card that will enable users to pay for goods and services with convenience and the assurance of safety, while also becoming beneficiaries of reward promotions across merchant networks."
In his address, the Governor of Lagos State, Babajide Sanwo-olu, noted that the card was important for proper identification and the upward mobility of residents in the state. His words echoed those of the General Manager of LASRRA, XXX, who said that the card would drive economic growth in the state.
This partnership is in furtherance of Verve's goal to create a digitized identification system for Nigerians, as it recently partnered with the National Identity Management Commission (NIMC) to create a digitization framework for proper identity management for Nigerians.
Other dignitaries present at the event were the Deputy Governor, Femi Hamzat; Managing Director, Sterling Bank, Abubakar Suleiman; General Manager, LASRRA, Ibilola Kasunmu; Managing Director, LAMATA, Abimbola Akinbajo, Commissioner of Information, Gbenga Omotosho, among others.