Access Bank Partners with American Express to expand the Acceptance of Cards in Nigeria

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Access Bank Plc. within the past nine months has hit the highest gross earnings of N693.1bn while Wema had the lowest gross earning of N63.08bn.

Access Bank Plc has partnered American Express to broaden the acceptance and usage of American Express cards. Mr Robert Giles, Senior Banking Advisor Retail Banking, Access Bank, made this known in a statement on Wednesday in Lagos.

Giles stated that the partnership would enable American Express Cardholders to use their cards at a wider range of merchant locations in Nigeria for tourism, business or private visit. He said international American Express cardholders would also be able to withdraw cash from Access Bank ATMs.

Access Bank made N102.30bn Profit After Tax in Q3-2020

This partnership will enable American Express Cardholders to use their cards at a wider range of merchant locations when they spend time in Nigeria for tourism, business or visit friends and family. International American Express Cardholders will also be able to withdraw cash from Access Bank ATMs.

Local merchants will now have the option to accept American Express through Access Bank, thereby not only encouraging increased merchant business activity but also offering travelling American Express Cardholders the opportunity to transact using their preferred method of payment.

This new partnership will broaden the acceptance of American Express payments via Access Bank as well as Access Bank ATMs and eCommerce websites nationwide. Many global organisations use American Express Corporate Cards as well as their employees who use these products for personal and business transactions.

When international travel recovers, many corporate Cardholders travelling to Nigeria for business are therefore likely to seek merchants that accept American Express, presenting an opportunity for those businesses that welcome the Card. Consequently, Access Bank merchants who welcome the use of American Express cards will benefit from an additional high-spending customer base.

Robert Giles, Senior Banking Advisor Retail Banking, Access Bank said: “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 cardholders and a huge acceptance network both online and point of sale.

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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.”

Vivi Galani, Vice President EMEA Network Partnerships for American Express 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 cardholders and a fast-growing market for commerce.

This agreement will give international Cardmembers 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 cardholders visiting the country.”