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Last week, several fintechs announced the shutdown of virtual USD Cards for their users. Flutterwave, PayDay, Busha, and Eversend, all announced that their virtual dollar cards and wallets would be terminated indefinitely. Read more in #TCDaily.
Several leading African fintech firms have completely shutdown all virtual US dollar cards on their respective platforms, leaving users of such card stranded. The list include Flutterwave, PayDay, Busha, Vella Finance, and Uganda-based Eversend. Reasons According to Flutterwave, the suspension is due to “an update from the company’s card partner”…