Auto-tech company Carviva has reached a milestone of $1 million in fuel token transaction value on its Fuel Wallet platform after a two-year trial period. This achievement underscores growing trust in the company’s cardless fuel management solution, which is gaining traction among fleet operators, logistics firms, schools, haulage businesses, and individual car owners across Nigeria.
Fuel Wallet is designed to provide real-time fuel tracking and smart insights, enabling businesses to monitor consumption per vehicle, enhance operational efficiency, and reduce costs. Unlike traditional cash-based fuel payments or regular debit cards, Carviva’s platform leverages digital wallets and fuel tokens, offering a seamless and theft-proof transaction process.
Carviva’s CEO, Ayodeji Subair, highlighted that the success of Fuel Wallet reflects its ability to solve key challenges in Nigeria’s fuel market, where inefficient fuel management often results in substantial financial losses. With digital fuel payments becoming increasingly necessary for fleet operators and businesses, Carviva’s cardless technology provides a reliable alternative to outdated payment methods.
“This milestone is not just about numbers—it represents the trust and impact we create daily in ensuring seamless operations for businesses across Nigeria,” Subair said. “We remain committed to promoting efficiency and improving business performance for our clients.”
As fuel remains a major operational expense for businesses in Nigeria, Carviva’s Fuel Wallet is poised to play an even greater role in the country’s evolving digital payments landscape.
