Faveremit’s Virtual Dollar Card Opens Global Payment Access for Nigerians, says founder
For Nigerian freelancers, content creators, and online businesses, accessing international payment platforms like Netflix, Amazon, and Facebook Ads has long been a struggle due to stringent banking restrictions. However, Faveremit, a fast-rising Nigerian fintech app, is changing the narrative with its instant virtual dollar card, a solution that bypasses traditional banking hurdles.
Gabriel Olusola, the founder of Faveremit, explained the inspiration behind the feature: “We created the Faveremit virtual card because we know how frustrating it is to try and make payments that just don’t go through. Our card is reliable, fast, and accepted worldwide.”
The card, generated within seconds on the app, requires no physical bank account and can be funded through gift card trades or crypto wallet top-ups. Users can then spend on global platforms without fear of sudden declines a common issue with local debit cards.
Emeka, a digital marketer in Abuja, attested to its convenience: “I use my Faveremit card for all my work subscriptions Facebook Ads, Canva, and Zoom. Before this, my bank card would fail at least half the time. Now, transactions go through instantly.”
Beyond dollar cards, Faveremit offers a suite of services tailored to Nigeria’s digital economy, including gift card trading, utility bill payments, and instant peer-to-peer transfers using usernames. The app’s security features, such as biometric login and real-time transaction alerts, further enhance its appeal.
Industry analysts suggest that solutions like Faveremit’s virtual card are critical in a country where forex scarcity and banking limitations stifle online entrepreneurship. “Nigerians are increasingly participating in the global digital economy, but legacy financial systems haven’t kept up,” said Adeola Williams, a fintech analyst at TechCabal. “Platforms like Faveremit are filling that gap.”
With plans to introduce crypto withdrawals and expand to other African markets, Faveremit is positioning itself as more than just a fintech app it’s becoming a lifeline for Nigerians seeking seamless access to the global digital marketplace.
