Access Bank has sealed partnership deal with card-to-card payments disrupter PaySend to bring a new generation of money transfers to the African market, the lender said in a statement last Friday.
PaySend’s rapidly expanding business now operates in more than 60 countries and it is looking to boost its presence across Africa.
Commenting on the deal: Ronald Millar, CEO of PaySend, said: “We are delighted to be expanding into Nigeria and to be working with Access Bank. To have reached over 60 countries in such a short time is excellent and we look forward to a long and fruitful partnership.
“Nigeria is one of our first African partners, and we definitely see great potential in the region.”
Access Bank, which has over 368 branches and service outlets across Nigeria, Sub Saharan Africa, the United Kingdom and Dubai, strives to deliver sustainable economic growth that is profitable, environmentally responsible and socially relevant.
Victor Etuokwu, Executive Director at Access Bank, Nigeria, said: “Accessibility is important in our business and we see this partnership as vital to connecting our customers to their increasingly globalized network, whether they be business contacts, friends or family.”
At present PaySend’s technology works for all Visa, Mastercard and Verve cards issued by Access Bank in Nigeria, but the company wants to go further.
“We are working together with Access Bank to expand our coverage across the country, and into other African countries to develop a broader offering in the region,” added Ronald Millar.