Nigeria’s Verve launches globally accepted payment solution

August 15, 2019 • Features, Finance, West Africa

Nigeria's Verve launches globally accepted payment solution

Nigeria’s Verve launches globally accepted payment solution.

Nigerian payments technology company, Verve held an event to launch the Verve Global Card on Wednesday, 14 August 2019. The Global Card is said to expand Verve’s existing suite portfolio of payment products and solutions by giving cardholders the ability to use their cards on the Discover Global Network — which is accepted in 190 countries.

Verve recorded its very first transaction today in New York City. Senior executives from First Bank, Access Bank and Fidelity Bank purchased various items using their Verve Global Card on the Discover Global Network.

The agreement with Discover Global Network aims to facilitate new international and cross border transaction capabilities for Verve Global Card customers, meeting the needs of its increasingly global customer base. 

Mike Ogbalu, Verve International Divisional Chief Executive Officer, says, “the launch of the Verve Global Card, provides consumers with the ability to transact globally across the US and other countries, addressing challenges that many Nigerians have experienced while travelling abroad. Our partnership with Discover Global Network will help us to optimise the overall experience of every Verve Global cardholder by guaranteeing consistent and efficient payment solutions regardless of where they are in the world”.

According to the company, new cardholders can make payments outside Africa on the Discover Global Network which includes anywhere Discover, Diners Club International and Pulse and affiliate network cards are accepted. 

Mitchell Elegbe, Interswitch Group Managing Director, says, “the agreement with Discover Global Network will enable Verve to compete with other global card offerings, providing cardholders with an enhanced customer experience when transacting globally outside Nigeria. Creating a solution which facilitates international payments for our consumers will help to eliminate existing barriers and simplify the process when transacting abroad.”

“It is important to us that we are working with groups around the world to extend acceptance for their cardholders,” said Ricardo Leite, senior vice president of international markets at Discover. “At Discover, we recognise the importance of being able to use your card of choice no matter where you are travelling.”

Edited by Jenna Cook

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