Chams Holding Company, a Nigerian digital payments and verification provider, has established ChamsCorp as its fifth subsidiary to strengthen digital transformation capabilities across Africa, according to Biometric Update.

The new entity commenced operations on 1 February 2026, as disclosed in a Nigerian Exchange Limited filing submitted 16 February. ChamsCorp builds on Chams' four-decade track record developing digital ecosystems throughout Nigeria, continental Africa and international markets.

Three operational pillars define ChamsCorp's mandate: manufacturing digital devices while developing infrastructure and services, designing and operating data centres, and creating AI infrastructure alongside intelligent system implementations. The subsidiary will augment Chams' existing digital identity, verification and trust service capabilities.

Femi Oyenuga, CEO at Chams, said: "Chamscorp is designed to take our most ambitious ideas to market at speed and scale. As Africa's digital economy evolves, we are focused on delivering transformative solutions that empower governments, businesses, and citizens alike."

Mohammed Bashir Yunusa assumes the Chairman role, bringing expertise in deal structuring, corporate finance, business strategy and digital transformation. Yunusa currently leads Consumer and Digital Banking for Non-Interest Banking Retail at Sterling Bank Nigeria while serving as non-executive director on the ChamsCorp board.

Chams has contributed substantially to Nigeria's digital identity infrastructure supporting financial services accessibility. In 2023, Group Chairman statements indicated the company accumulated approximately $100 million (€92 million) in outstanding debts from providing digital services to Nigerian government entities.

ChamsCorp represents Chams' strategic response to Africa's expanding digital infrastructure requirements and evolving technology marketplace demands.

Discover ChamsCorp's operational framework and continental expansion strategy in the full report.