Verve International Unveils Tokenization Solution at 2026 Biz Unwind, Deepens Industry Collaboration

Verve International Unveils Tokenization Solution at 2026 Biz Unwind, Deepens Industry Collaboration

Verve International has reinforced its commitment to advancing Africa’s digital payments ecosystem with the successful hosting of the 2026 edition of Verve Biz Unwind, where it unveiled a next-generation security solution, Verve Tokenization.

The high-level industry engagement, held at the Radisson Blu Anchorage Hotel, convened key stakeholders across the financial services value chain, including issuer banks, fintech innovators, merchants, payment processors, and strategic partners.

Organised as a curated forum for strategic dialogue and ecosystem alignment, Verve Biz Unwind focused on the rapidly evolving future of digital payments in Africa. Discussions centred on accelerating trends such as contactless transactions, embedded finance, open banking frameworks, and real-time payment capabilities, as stakeholders explored collaborative pathways to sustainable growth.

A major highlight of the event was the official unveiling of Verve Tokenization, a security-driven innovation designed to strengthen transaction integrity and reduce fraud risks. The solution replaces sensitive cardholder data with secure, device-bound digital tokens, ensuring that each transaction generates a unique cryptogram. By eliminating the need to expose actual card details during transactions, the technology significantly mitigates the risk of data breaches while delivering seamless payment experiences across multiple digital channels.

Speaking at the event, Paul Ohakim, Vice President, Issuing and Acquiring (Africa) at Verve International, emphasised the critical role of industry collaboration in shaping the continent’s payments future.

“As digital commerce accelerates, no single institution can shape the future of payments alone,” he said. “Stronger collaboration between banks, fintechs, merchants, and processors is essential to delivering secure, seamless, and inclusive payment experiences across Africa.”

Ohakim described tokenization as more than a backend upgrade, noting that it represents a structural shift in how payments are secured, experienced, and monetised. According to him, Verve Tokenization enables interoperability across wallets, banking applications, e-commerce platforms, and contactless infrastructure, allowing a single Verve card to operate securely across diverse digital environments without compromising convenience.

Beyond networking, the 2026 Biz Unwind reaffirmed Verve International’s commitment to strengthening ecosystem partnerships and advancing collective progress across the payments value chain. Participants aligned on strategies aimed at enhancing security standards, deepening interoperability, and delivering customer-centric payment solutions at scale.

As Africa’s digital economy expands and consumer expectations increasingly tilt toward faster, safer, and more intuitive payment experiences, Verve International said it remains focused on modernising the continent’s payment infrastructure through secure, intelligent, and collaborative innovation.