Which is Best ATM Card in Nigeria?: MasterCard, Visa or Verve

Is MasterCard better ATM card than Visa and Verve Cards? Find out the comparison and our verdict on which ATM card is best and why you should get either MasterCard,Visa or Verve ATM card.

At the point of issuing ATM card in the banking hall, regular questions such as what type of ATM card do you want, Verve,Visa or MasterCard? usually arise from issuing bank officer.

Oftentimes, this leaves customers requesting for ATM card scratching their heads and lost as to which ATM card they need.

Some will inquire from the banking officer which of the ATM card among MasterCard,Verve and Visa is the best ATM card.

Also, in some cases, the banking officer will most likely issue you the available ATM card in their possession at the time of request irrespective of the type of card except the customer insist otherwise.

ATM cards are produced and issued by banks to their customers and these cards are powered by either MasterCard,Verve or Visa who provides network through which these card operates.

Inotherwords, what these three companies does is to provide the network with which the card would be used for transactions.

If you have multiple bank accounts , the most preferably is to have an ATM card powered by the three service providers.

In this article, we will review the best ATM card to obtain in Nigeria and give our verdict which ATM card is the best in Nigeria.

MasterCard, Verve & Visa : Brief Overview

Here is a brief review of the three major types of ATM card prevalent and available in Nigeria. This will include their reach, operations and owners.

The Verve Card

Verve is the only ATM card that its network provider is a Nigerian company. The Verve Card is owned by Interswitch, a renowned Nigeria’s online payment processing company.

The card was founded in 2009 and is widely accepted in Nigeria and some African countries as payment processing card.Verve Card is secured with chip and PIN technology.

Your Verve Card allows you to conveniently pay for goods and services because it is accepted by all payment channels and bank branches connected to the Interswitch network in Nigeria.

Some of the features of Verve Card is a CVV (3-digit code at the back of the card), a PAN (16-digit numbers at the front), a PIN (4-digit), 3-year expiration period, and a metal chip.


MasterCard is one of the world’s largest payment network providers with high reach. MasterCard is accepted in many countries of the world and it is a foreign online payment network provider.

MasterCard enable ATM card holders powered by its services to facilitate payment in countries where their services are present.

Some of the features of MasterCard includes: a CVV (3-digit code at the back of the card), a PAN (16-digit numbers at the front), a PIN (4-digit), 3-year expiration period, and a metal chip.

MasterCard is accepted internationally and in most advanced countries such as USA, Canada, UK etc.


Visa ATM card is a payment card that is powered by Visa a renowned online payment infrastructure.

Visa is one of the world’s most accepted online payment service providers which it’s card is accepted internationally and across numerous countries of the world.

Like the former two cards, Visa has features such as CVV (3-digit code at the back of the card), a PAN (16-digit numbers at the front), a PIN (4-digit), 3-year expiration period, and a metal chip used for different modes of transactions.

Between MasterCard, Visa & Verve, Which ATM Card is Best?

Here is qualitative analysis and comparison between Verve, Visa and Mastercard with a view of making a verdict of which ATM card works better in Nigeria.

Verve Card is the only ATM card among the three that is Nigerian owned card. Both MasterCard and Visa and foreign owned.

Also, MasterCard and Visa has higher reach and acceptability than Verve. Mastercard and Visa is accepted in over 200 countries while Verve Card is accepted in Nigeria and select African countries.

It was noted in some online sources that global acceptance for MasterCard is at about 48 million users, Visa at about 59 million users while Verve is mostly used in Nigeria and Africa.

However, in terms of performance, both three card compete side by side and has provided users with quality value.

Despite low international recognition of Verve, it’s network in Nigeria is adjudged as the best. It is the type of ATM card in Nigeria that usually have network always.

This may not be unconnected to the fact that it is a Nigerian owned card. Generally, the three cards have been excellent in providing and processing online payment through cards.

They both all have 3 years validity periods after which holders can request for another valid card.

Which is Better ATM Card? Verve vs MasterCard vs Visa : Our Verdict

The three payments cards are very excellent for payment processing. For Nigerian residents and those who conducts most of their businessess in Nigeria and locally, we would recommend Verve card which is owned by Interswitch, a Nigerian reputable online payment processor.

But if you a heavily engaged in international transactions, we recommend you get yourself either of MasterCard or Visa card as these two are widely accepted globally.

Between MasterCard, Visa and Verve Which ATM card is most safe and secured. All the three ATM card are very safe and secured which top security features which makes its cracking almost impossible.

The onus lies on card holders to protect their card details and make them personal and safe. Both Verve, MasterCard and Visa are very secured and safe.


The Author

Emmanuel Igwenagu

Igwenagu Emmanuel is the founder of Nigerian Informer. He holds B.A, M.Sc in Mass Communication. He is a Communication researcher and 112 emergency help line dispatcher.

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