Verve Global Card Launches 1st International Transaction In New York, USA – IT NEWS NIGERIA

Verve Global Card Launches 1st International Transaction In New York, USA – IT NEWS NIGERIA

L-R: Mitchell Elegbe, Founder/GMD, Interswitch Group, Joseph Hurley, Snr. Vice President, Payment Services, Discover Financial Services, Francis Gbenga Shobo, Deputy Managing Director, First Bank, Olubusola Osilaja, Divisional head, eBusiness, Access Bank, Martins Izuogbe, Divisional Head, Operations, Fidelity Bank, Diane Offereins, Executive Vice President, Payment Services, Discover, Chuma Ezirim, Group Executive, Retail & E-Business, First Bank, and Mike Ogbalu, Divisional CEO, Verve, at the Verve Global Card Launch in New York, on Monday.

August 15, 2019

IT NEWS NIGERIA:

… Rides On Global Partnership With Discover Network

Verve, a leading payments technology and card business in
Africa, and Discover Global Network, the payments brand of Discover, today held
an event to launch the Verve Global Card. Cardholders will now have the ability
to use their Verve Global Cards on the Discover Global Network which provides
acceptance in more than 190 countries and territories. This will expand Verve’s
existing suite of tailored payment products and solutions for its customers.

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

The agreement with Discover Global Network will facilitate
new international and cross border transaction capabilities for Verve Global
Card customers, meeting the needs of its increasingly global customer base.
Holders of the new card 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. Verve Global Card also delivers
additional benefits to cardholders including broad reward and loyalty schemes;
benefits that are available both locally and internationally.

Mitchell Elegbe, Interswitch Group Managing Director, commented on the announcement: “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 recognize the importance of being able to use your card of choice
no matter where you are traveling.”

Mike Ogbalu III, Verve International Divisional Chief
Executive Officer, also commented on the announcement saying, “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 optimize the overall experience of every Verve Global
card holder by guaranteeing consistent and efficient payment solutions
regardless of where they are in the world”.

2019-08-15

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