Rinchi
TechInAfrica – Africa’s leading payments technology, Verve, in partnership with Discover Global Network, have held the launching event of the Verve Global Card on August 12 in New York City, USA. This will enable Verve‘s cardholders to use it on the Discover Global Network which is accepted in over 190 countries and territories.
To mark the launching of the new product, senior executives from First Bank, Access Bank, and Fidelity Bank bought some items using their Verve Global Card on the Discover Global Network on the same day at Swarovski, NYC.
The partnership between both companies allows Discover Global Network to facilitate new international and crossborder transaction capabilities for Verve Global cardholders. The new cardholders are able to purchase items outside Africa on the Discover Global Network, including on Discover, Diners Club International and Pulse, and affiliate network cards. In addition to that, Verve Global cardholders also get other benefits, including broad reward and loyalty schemes which is available locally and internationally.
Commenting on the launching of the new product, Interswitch Group’s Managing Director Mitchell Elegbe said: “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. At Discover, we recognize the importance of being able to use your card of choice no matter where you are traveling,” said Ricardo Leite, Senior Vice President of international markets at Discover.
Meanwhile, Mike Ogbalu III, Verve‘s International Divisional Chief Executive Officer, added, “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 traveling abroad. Our partnership with Discover Global Network will help us to optimize the overall experience of every Verve Global cardholder by guaranteeing consistent and efficient payment solutions regardless of where they are in the world.”
About Verve
Verve is Interswitch Group’s innovative card scheme, offering products and solutions that enable consumers to transact all over Nigeria and across international markets. As the first African card scheme to be recognized as a valid, globally accepted e-payment gateway, we have built a world-class value chain ecosystem that benefits from the services that we provide.
About Interswitch Group
Interswitch is a digital payment company of African Origin focused on providing convenience and real value for consumers. We facilitate the seamless electronic circulation of money as well as value exchange on an ongoing, real-time basis.
We began in 2002 as a transaction switching and electronic payments processing business, building and managing payment infrastructure, delivering innovative payments solutions and driving transactions across the African continent and other international markets. We provide secure, solutions and services that facilitate convenience and real value for consumers, businesses, governments, and other organizations, helping to reduce costs, improve operational efficiency and drive sustainable revenue growth.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America’s cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation’s leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. For more information, visit www.discover.com/company.
