Wednesday, February 19, 2025
26.9 C
Lagos

Access Bank, Visa Partner to Facilitate B2B Cross-Border Payments

Access Bank has partnered with Visa, the world leader in digital payments, to enhance the efficiency of cross-border business-to-business payments for the bank’s corporate, commercial and SME customers by adopting the Visa B2B Connect platform to send and receive payments to and from 110 countries worldwide. Visa B2B Connect is a payment platform that will allow Access Bank’s business customers to send money faster, efficiently, and securely from Nigeria to multiple markets across the globe, facilitating seamless business operations.

The announcement of this partnership signifies Access Bank’s commitment to digital innovation and providing best-in-class services to SMEs and large corporate clients. The collaboration will enhance customer experience and develop commerce across various trading corridors by providing businesses with cross-border payment services that are cost-effective, efficient, reliable, and secure.

Commenting on this, Victor Etuokwu, Deputy Managing Director, Access Bank, said: “Access Bank has the vision to be the bank of first choice, offering innovative financial services, built on trust and driven by a passion for excellence. The partnership with Visa brings innovation to the forefront and provides our clients with the latest technology advancements to meet their changing needs. Access Bank’s Visa B2B Connect enrolment will help strengthen businesses in Nigeria by delivering fast, transparent, and secure payment services. The Bank’s participation in the Visa B2B Connect platform contributes to technology modernization and service excellence, enhancing Access Bank’s partnership with businesses in Nigeria.”

Also commenting on the partnership, the Head of Visa B2B Connect, CEMEA, Vishal Virmani, said: “With Access Bank’s addition to Visa B2B Connect, we are excited to launch the platform in Nigeria and West Africa to benefit businesses and the cross-border payments eco-system in the country. The solution supports digital innovation and increases efficiency for financial institutions and their corporate clients.”

Visa B2B Connect is an innovative, non-card-based multilateral platform delivering B2B cross-border payments to 110 countries worldwide that are predictable, secure, and cost-effective for financial institutions and their corporate clients. Although many businesses may find cross-border payments complex, Visa B2B Connect creates predictability and transparency for customers, providing key insights for strategic decision-making and business planning.

“Technology is bringing us closer together; yet, when it comes to small businesses and corporate clients moving money around the world, there are challenges that remain that haven’t been solved,” said Andrew Uaboi, General Manager Nigeria and Cluster Head of West Africa, Visa. “As Access Bank join the Visa B2B Connect network in Nigeria, The Bank’s collaboration with Visa will help businesses in the country to send and receive international payments quickly and securely.”

Access Bank has partnered with Visa, the world leader in digital payments, to enhance the efficiency of cross-border business-to-business payments for the bank’s corporate, commercial and SME customers by adopting the Visa B2B Connect platform to send and receive payments to and from 110 countries worldwide. Visa B2B Connect is a payment platform that will allow Access Bank’s business customers to send money faster, efficiently, and securely from Nigeria to multiple markets across the globe, facilitating seamless business operations.

The announcement of this partnership signifies Access Bank’s commitment to digital innovation and providing best-in-class services to SMEs and large corporate clients. The collaboration will enhance customer experience and develop commerce across various trading corridors by providing businesses with cross-border payment services that are cost-effective, efficient, reliable, and secure.

Commenting on this, Victor Etuokwu, Deputy Managing Director, Access Bank, said: “Access Bank has the vision to be the bank of first choice, offering innovative financial services, built on trust and driven by a passion for excellence. The partnership with Visa brings innovation to the forefront and provides our clients with the latest technology advancements to meet their changing needs. Access Bank’s Visa B2B Connect enrolment will help strengthen businesses in Nigeria by delivering fast, transparent, and secure payment services. The Bank’s participation in the Visa B2B Connect platform contributes to technology modernization and service excellence, enhancing Access Bank’s partnership with businesses in Nigeria.”

Also commenting on the partnership, the Head of Visa B2B Connect, CEMEA, Vishal Virmani, said: “With Access Bank’s addition to Visa B2B Connect, we are excited to launch the platform in Nigeria and West Africa to benefit businesses and the cross-border payments eco-system in the country. The solution supports digital innovation and increases efficiency for financial institutions and their corporate clients.”

Visa B2B Connect is an innovative, non-card-based multilateral platform delivering B2B cross-border payments to 110 countries worldwide that are predictable, secure, and cost-effective for financial institutions and their corporate clients. Although many businesses may find cross-border payments complex, Visa B2B Connect creates predictability and transparency for customers, providing key insights for strategic decision-making and business planning.

“Technology is bringing us closer together; yet, when it comes to small businesses and corporate clients moving money around the world, there are challenges that remain that haven’t been solved,” said Andrew Uaboi, General Manager Nigeria and Cluster Head of West Africa, Visa. “As Access Bank join the Visa B2B Connect network in Nigeria, The Bank’s collaboration with Visa will help businesses in the country to send and receive international payments quickly and securely.”

spot_img
spot_img
spot_img

Hot this week

NCDMB Chief Visits Samsung, Africoat, Insists on Patronage of Local Facilities

The Executive Secretary, Nigerian Content Development and Monitoring Board...

Engr Jimi Onanuga Honoured at 93rd Anniversary of ICOBA

Engineer Jimi Onanuga (left) received Prestigious Service to ICOBA...

NCDMB, Starzs Gas, Upbeat about Industrialisation at Ceremony for Integrated CNG Project

General Manager, Corporate Communications and Zonal Coordination, Nigerian Content...

Cairo Ojougboh: Family Marks One Year Memorial with Charity Outreach

Mrs. Bose Ojougboh, wife of the Late Dr. Cairo...

Let the DISCOs Die for Nigerians to Have Light

By Michael Owhoko, Ph.D The unending darkness permeating Nigeria today,...

Topics

Leadway Advocates for Public Safety as Nigerians Embrace the New Year

As Nigerians usher in the New Year with celebrations...

Business Journal Newspaper Public Presentation Set for Sept 16

The public presentation of Business Journal Newspaper will on...

Embracing Unity And Best Practices For A Better Nigeria

  By Evans Woherem, Ph.D Africa, and in particular Nigeria, holds...

Intelsat Partner AfricaOnline on Broadband for Sub-Saharan Africa

Communication satellite services provider Intelsat SA signed with Gondwana...

Africa Could Record 4.2% Growth by Overcoming Power Sector Challenges

Sub-Saharan Africa should prioritise the development of its power...

Africa, ME Personal Computing Market Reports 12% Growth in 4thQtr 2021

    The Middle East and Africa (MEA) personal computing devices...

Tinubu Appoints Board of Nigerian Consumer Credit Corporation

To further expedite the process of expanding consumer credit...

Ghana Forecasts 5.4% Economic Growth in 2016

Ghana forecasts for 2016, an economic growth of 5.4%...
spot_img

Related Articles

Popular Categories

spot_imgspot_img