Verve fees · UnifyPay

Verve

Interswitch · launched 2009

Nigeria's domestic card scheme, issued alongside Visa and Mastercard and priced below them for local transactions.

CardPersonal & businessNext day3 marketsChargeback protection

Reported rate

A scheme- or regulator-set rate, or a widely reported figure. Source: CBN-capped domestic card MDR.

Market

Rate history, 🇳🇬 Nigeria

Online · percentage component

Rates are step functions: each level holds until it is replaced.

Every recorded change, newest first, with the movement from the rate it replaced.

1.50%−0.08 pp · −5.3%
11 Aug 2025 → current
1.58%−0.01 pp · −0.5%
9 Apr 2023 → 11 Aug 2025
Interchange mix shifted toward premium consumer credit cards.
1.59%−0.03 pp · −1.9%
14 May 2021 → 9 Apr 2023
1.62%First on record
1 Jan 2019 → 14 May 2021

Online pricing across every country where this method is available, with the cost on a NGN 100.00 payment for comparison.

Market	Listed fee	Cost on 100	Effective	Since	Basis
Ghana	1.5%, capped at GHS 2,000.00	GHS 1.50	1.50%	4 Oct 2023	Reported rate
Kenya	1.5%, capped at KES 2,000.00	KES 1.50	1.50%	23 Dec 2024	Reported rate
Nigeria	1.5%, capped at NGN 2,000.00	NGN 1.50	1.50%	11 Aug 2025	Reported rate