Naira crisis: American Express announces Nigeria’s first business card

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 23 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

American News

Naira Crisis

American Express Co. has launched its inaugural business credit card in Nigeria amid the foreign exchange crisis. The international firm is partnering with a Nigerian firm, neobank O3 Capital Nigeria Limited, potentially enhancing access to dollar transactions in the West African country. The unveiling happened in Lagos on Thursday.

The business card comes with a spending limit of $10,000 and offers a repayment window of up to 45 days for international transactions.

The President of Global Network Services, Amex, Mohammed Badi, said, 'The first-ever American Express Business Card in the most populous African country will give us another way to support local businesses with their growth aspirations'. Similarly, the Chief Executive Officer of O3 Capital, Abimbola Pinheiro, said the O3-Amex card 'solves the problem of queuing at banks for business travel allowance and the personal travel allowance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US

United States United States Latest News, United States United States Headlines