Pascal Dozie’s Son, Ngozi, Ends Neobank Carbon Debit Card Operations In Nigeria

Nigerian digital bank Carbon has ended debit card operations in Nigeria after launching it two years ago .

The bank’s CEO, Ngozi Dozie, said he did not analyze the industry well enough before launching the card Carbon launched its debit card operation in 2022, describing the move as its biggest move in transitioning from a digital lender to an MfB.

Carbon, a Nigerian fintech company, has ended its debit card operations in Nigeria two years after launching the service.

The bank’s co-founder and CEO, Ngozi Dozie, disclosed the development in a post on Wednesday, June 19, 2024.

CEO regrets launching debit cards Dozie noted the challenges in operating a debit card in the fintech ecosystem, suggesting that the move might have needed to be corrected.

Source: legit.com