Access Bank Plc, one of Nigeria’s innovative and customer-oriented banks in Nigeria, and American Express have entered into a partnership to broaden the acceptance and usage of American Express Cards in the country.
With the deal, Access Bank becomes the first full-service bank to acquire merchants that will accept American Express Card payments in the country and will enable American Express Card holders use their cards at a wider range of merchant locations for tourism, business and other personal transactions.
The partnership will also enable International American Express Card holders to withdraw cash from Access Bank ATMs.
It will also make local merchants accept American Express Card through Access Bank, thereby not only encouraging increased merchant business activity but also offering travelling American Express Card holders the opportunity to transact using their preferred method of payment.
Commenting on the partnership, Access Bank’s Senior Banking Advisor Retail Banking, Robert Giles, enthused: “We are proud to be partnering with American Express to bring some of the best payment solutions in the world to Nigeria. Access Bank has the largest and most accessible ATM network in the country, a leading payments business with over 16 million card holders and a huge acceptance network both online and point of sale.
“The benefits will be immediate as soon as travel resumes. We expect significant demand for American Express acceptance in the country, and business travellers and tourists from across the globe will now be able to use the card of their choice. This is great news for Nigerian businesses and will help bring foreign exchange inflows into the country.
” We value the confidence that American Express has placed in us to significantly enhance the payment experience in our market”, the banker added.
Speaking on the partnership, Vice President EMEA Network Partnerships for American Express, Vivi Galani, said: “We are pleased to be partnering with Access Bank to continue to expand the presence of American Express in Nigeria, which is an important location for our travelling card holders and a fast-growing market for commerce.
‘’This agreement will give international card members even more locations to use their cards in Nigeria, whether they are travelling for business or leisure, and this will be particularly important as international travel resumes.
‘’For local merchants, it provides the opportunity to capture more business from global card holders visiting the country”, the e-payment solution expert added.