Touch and Pay fuels 291% growth in prepaid card usage in Nigeria

Touch and Pay (TAP) Technologies Limited, the fintech company behind Cowry card for Lagos’ train and Bus Rapid Transit (BRT) systems, has driven a 291% surge in closed loop prepaid cards usage between 2021 and 2024, according to a report by global market research firm Euromonitor International.

Closed-loop prepaid cards are preloaded with funds but can only be used within a specific network…